CGFloat* colors = CGColorGetComponents(hsbaColor.CGColor);
  
  Does this return a float, or an array of floats? It looks like the asterisk is shorthand for creating an array. Is that correct?
Sort of.
CGFloat *colors declares a variable holding a pointer to at least one CGFloat. CGColorGetComponents returns a pointer to several CGFloats, one after the other—a C array. You take that pointer and assign it to (put it in) the colors variable.
Declaring the variable does not create the array. In fact, neither does CGColorGetComponents. Whatever created the CGColor object created the array and stored it inside the object; CGColorGetComponents lets you have the pointer to that storage.
Declaring the CGFloat *colors variable creates only a place to store a pointer to one or more CGFloats. That place is the colors variable itself. The thing in the variable is the pointer, and the thing at that pointer is the array.
If this is still unclear, see Everything you need to know about pointers in C.