Partners in Danger Chapter 10: Lizard King - S4-E10
Plot hole: When Debra and Margaret arrive at the underground arena with the device that can revert the humanoid lizards to their original forms, they lose control of the device and it ends up in the hands of Ghila, who monologues that the humanoid lizards' existence was an accident and that she will use the device to return them to being regular lizards. Ghila had never seen this device before, nor did anyone tell her what its purpose was, so there's no way she could have known it was designed to reverse the mutations.
Answer: I believe it was just a way to try and show the suit is "oily" or reflective. It also helps define the character's features since otherwise, he'd just be a flat black color. It's similar to how the black suit Spidey had blue outlines. (I don't know why they chose a pink/red color... maybe because red is associated with power/fire/war, so it's a more "evil" color?)
TedStixon