“Lipstick Sunset” vis a vis “Lipstick Traces” as pointed out by the OP are different songs but both have a connection to The Band. “Sunset” thru John Hiatt and “Traces” through Allen Toussaint who wrote the song under pseudonym Naomi Neville. “Traces” was a regional hit around the Gulf South with covers by Bennie Spellman, Ernie K-Doe and later Amazing Rhythm Aces and was frequently played on WWOZ.. Allen Toussaint and Dr John along with several others from NOLA were collaborators with the band. At one time Levon Helm owned a music club in downtown NOLA.