Colossians 2:16-17, writes H.C.G. Moule, are an appeal for “Christian liberty,” as earnest … as [Paul’s] appeal to the Galatians “not to be entangled again in the yoke of bondage.” But let us note well that the “liberty” he means is the very opposite of licence and has nothing in the world akin to the miserable individualism whose highest ambition is to do just what it likes. The whole aim of St. Paul is for the fullest, deepest and most watchful holiness. He wants his Colossian converts above all things to be holy; that is, to live a life yielded all through to their Redeemer, who is also their Master (p. 171).
Vaughan, C. (1981). Colossians. In F. E. Gaebelein (Ed.), The Expositor’s Bible Commentary, Volume 11: Ephesians through Philemon (F. E. Gaebelein, Ed.) Grand Rapids, MI: Zondervan Publishing House.