Food coloring is water soluble, so all you'll end up with is colored water. Besides, the chemical composition of food coloring is mostly derived from coal tar and many color pigments have been connected to asthma, allergies, skin rashes, carcinogens, anxiety, depression, itching, migraines, weakness, and ADHD in people (to name a few), so I don't imagine that they will do your fish much good - in fact just the opposite.