From an artsy/graphic designer point of view:
Do you really want both realistic lightning and animated-lightning bolt? its a weird thing when you look at it a second time… I’d recomend just using one (preferribly the realistic as it looks REALLY COOL), but its your logo. Don’t change it if the team likes it!
We had a 5 color T-shirt for 2010 and had them done by a digital t-shirt printer, they were cheaper than a 2 color screen print, but the colors were not quite a vibrant. Though if you’re printing black that shouldn’t be a problem.
i agree with everyone else that the cartoon lighting and the actual lightning clash.
also, i don’t know if you can do this but if you make the areas that you want to be a third color out of a bunch of tiny black dots, it will look gray, without actually requiring a third color. if you do do this i would make the third color the shadow of the text, from the light source of the lightning, that would make it look really cool.
Our team redesigned its logo recently, so I have one pointer to give.
You may want to think about an image that doesn’t contain words to go with the text.
We went with a rectangular logo that is mostly embellished text (much as you did), but after the fact, we realized that it would be kind of nice to have something a little simpler, without text that we could put places. We are working on throwing together a simpler, more square-shaped (as opposed to rectangle-shaped) design.
This new design could be worked into a part of the robot, our new pit structure, or anywhere else you want to add some art without adding too much complexity (or where you don’t have a large rectangular space)
This was our old logo, before the redesign, we still use it to represent our summer camp and FLL organizations, because changing it might affect the “customer loyalty” that we have been building up over the years.
Looks awesome. The only kind of input I could think of is about the orange background. It seems a bit too bland and boring. Id suggest a radial gradient at the center of the logo (second choice could be of your choice). It doesnt have to be a gradient, but I feel some form of addition to the background is necessary; just some constructive criticism. Everything else looks great.