eterm-color.ti is a terminfo source file.  eterm-color is a compiled
version produced by the terminfo compiler (tic).  The compiled files
are binary, and depend on the version of tic, but they seem to be
system-independent and backwardly compatible.  So there should be no
need to recompile (see etc/Makefile) the distributed binary version.

The compiled file is used by lisp/term.el, so if it is moved term.el
needs to be changed.  terminfo requires it to be stored in an `e'
subdirectory (the first character of the file name).
