Current is the critical thing.
I understand according to the specs, the RED leg requires much less power than the blue and green legs.
If you're saying a lower forward voltage, that sounds okay to me. At any given drive current, lower voltage will result in lower power.
I can't comment too much on the voltage measurement, but if you have a typical multimeter, you're probably measuring at the very bottom of the 20V range. I'd expect the accuracy to suffer as a result.
The current measurement would be in the middle of the 20 mA range and I'd trust the meter more there. That may account for it. If you want a voltage sanity check you may try measuring your source voltage, and deducting the resistor drops to see how well they agree.
And welcome to the boards.
PS Where'd you get a common anode RGB LED?