You can use the Finish feature to color individual faces of welds but for whatever reason the Solid Body that represents the welds cannot be selected to quickly add all welds to a finish feature.
It can be done via iLogic so I know it's possible to include the weld body in a finish feature but for whatever reason the Selection Filter for Solid Bodies in the Finish Properties window does not allow the welds solid body to be selected.

Dim oDef As AssemblyComponentDefinition = ThisAssembly.Document.ComponentDefinition
Dim oWeldOcc As ComponentOccurrence = oDef.Occurrences(1)
Dim oFinDef As FinishDefinition = oDef.Features.FinishFeatures(1).Definition
Dim cIncObjs As ObjectCollection = oFinDef.IncludedEntities
Dim oBody As SurfaceBodyProxy
oWeldOcc.CreateGeometryProxy(oWeldOcc.SurfaceBodies(1), oBody)
cIncObjs.Add(oBody)
oFinDef.IncludedEntities = cIncObjs
Easy selection of welds as solid bodies (either as a whole collection or individual welds) both in the model and in the model browser would be great.