Forums mIRC Help Stripping or changing specific color codes

I am using a "default" color scheme in my mIRC setup (black text on white background). I know about the color stripping options under IRC/Messages in IRC Options but I am wondering if it is possible to configure mIRC to only strip the color code for white text (since that is the color I would not be able to read on white background)? Is it possible to change the color code on-the-fly ? For example, if the incoming text in the channel is white, replace the color code and make it appear blue. All other color codes should stay untouched. Is something like that possible ?

Thanks.