An examination of the paintings of Rembrandt will answer this question. Light certainly intensifies dimension as does color. As Rembrandt uses a strong light from one side in many of his works, the lighted side is, indeed, markedly different from that side which remains in shadow.
When I think of color and light I think of shading. Shading can be used in a very subtle way. It certainly draws the viewer's eye to perception. You can use brighter colors and shades to show depth and mass, or draw attention to something.
I have to say that I do not believe that a person's understanding of light, color, mass, volume, and space are relevant when it comes to one's appreciation of art. While some may appreciate a work more than another based upon their understanding of those areas, I think others simply appreciate art based upon its aesthetically pleasing values.
People don't notice the the figure of Mary in the Pieta by Michelangelo is larger than life with a corresponding larger than natural mass, or the figure of Jesus is smaller than life with a corresponding smaller than natural mass. Is that due to color and light?