Hi @ehchandlerjr ,
As far as I know, there is no dynamic way (i.e. using Graph Builder alone) to create offset spectra like you're after, other than manually creating new column formulas that take the column of interest and add a fixed offset. But, this is exactly what my script does in an automated way, which will save you considerable time. In fact, if you are going to be doing this a lot and repeatedly, I would look into scripting with JSL to do this in an automated way for you. You will save TONS of time over dynamic manipulation of the graph. Sometimes setting up an analysis or graph initially dynamically first is needed in order to learn how to script it, but then once you have it and can apply to it other data tables, it's so much faster to have JSL code do it for you. With scripting, you can go in and assign each spectrum a specific color, and you could do this based on the column number within the data table, for example:
According to the JMP JSL Scripting Guide v16, pp. 660-662, the standard JMP color schemes are:

And then each of those colors can be subsequently altered by making them light, medium light, medium dark, and dark:

Or, if you wanted to change the global color scheme, you could go under File > Preferences, select Graphs up top (on the left), then click on the color scheme called "Categorical", bottom right hand.

You then get a screen like this, and for example, if I choose the bottom Chromatic style and again plot the spectra, it looks like this (the order can also be reversed):


The only drawback to that method is that this is now the global color scheme for all graphs within JMP, not just the one you happen to be working on. You can always go back and change it in Preferences if you want.
Or, once you get the graph looking like you want, you can always right click a spectrum of choice and then select Line Color, and choose any preset color shown, or even Other... from a larger color palette. But, this can be slow if you have lots of spectra.

There's lots of ways to get the same things accomplished in JMP, which is great, and it kind of depends on what you're specific needs are and what your end goal is as to which method might work out better.
Hope this helps!,
DS