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You can definitely do dials, that's relatively easy, especially if the only difference is the printing. I'm not sure what the implication of changing the lume to light blue would be, or the bezel insert / lume pip colour. I never contacted Squale as I didn't think we'd get anywhere near enough people in for it.
There are a few small Squale collabs out there, for example the Urban Gentry youtube bloke has done several.
Re: the Sub39 GMT, I also probably liked that one the most until I realised that it's not 39mm, it's nearer 41, it's also quite long and the lug width is 22mm.
Heh, Squale's minimum custom order quantity is (or was) quite low, I remember doing these concepts for LFGSS editions.