The Searchlight was a real bit of 100-year old USA electro-mechanical ingenuity, where I think Union Switch & Signal initially devised and patented it, and the first UK installations, by the LNER, were imported, later being franchised to someone like Westinghouse in Chippenham. The lamp shone through the lens all the time. The colour filters in between were in a U-shaped frame which used a bit of old technology that handled three results. When positive current was in the control wire from the signalbox it swung one way to the green filter. When negative current was applied it swung to the opposite end and displayed the yellow filter. When no current the counterweight swung it back to the central position and showed the red filter. So it was fail-safe as well.
You could see this on the GEML signals that as they stepped up from yellow to green there was a brief flash of red. Unfortunately the first TPWS implementation there used, for whatever reason, a connection directly to the mechanical slide with the filters. It could happen that just as a train approached the signal stepped up from yellow to green, by no means uncommon, and just as it was passing the TPWS ramp it gave a red. Brakes full on. There had to be quite a bit of re-engineering to overcome this.
Because of the current draw by the new colour light signal, powered from lineside batteries, away from busy stretches they often used another bit of cleverness called Approach Lit, where they stayed dark and unlit until a train was in any of the nearby track circuit sections, when it would light up. Supposedly in time for any train to see it, but Gerry Fiennes in his books wrote of one searchlight on the straight March to Spalding line which would come on late, and approaching crews would make bets with one another on what aspect it might finally deign to display! Separately, they were found to be a useful indication to PW crews of a train approaching when they lit up. Certainly in Canada I've seen whole gantries of multi-aspect junction signals all light up a few minutes before a train comes.