Yes, replace "..." to make it similar to mini-find.
But, there is still the "Configure Color Coding search" dialog accessible thru the mini-find drop down menu.
So, in that dialog instead of the "List Preset" dialog, replace the ListPresets button with a dropdown. That extra dialog isn't needed for anything - as ColorCodingOptions lets you delete presets already.
The toggle add/remove button oughta be a checkbox too.