  We measured the magneto-optical response of
(La$_{0.4}$Pr$_{0.6}$)$_{1.2}$Sr$_{1.8}$Mn$_2$O$_7$ in order to investigate the
microscopic aspects of the magnetic field driven spin-glass insulator to
ferromagnetic metal transition. Application of a magnetic field recovers the
ferromagnetic state with an overall redshift of the electronic structure,
growth of the bound carrier localization associated with ferromagnetic domains,
development of a pseudogap, and softening of the Mn-O stretching and bending
modes that indicate a structural change. We discuss field- and
temperature-induced trends within the framework of the Tomioka-Tokura global
electronic phase diagram picture and suggest that controlled disorder near a
phase boundary can be used to tune the magnetodielectric response. Remnants of
the spin-glass insulator to ferromagnetic metallic transition can also drive
300 K color changes in (La$_{0.4}$Pr$_{0.6}$)$_{1.2}$Sr$_{1.8}$Mn$_2$O$_7$.
