The specimen is indeed a mantis shrimp (to be specific, a peacock mantis shrimp). ![Odontodactylus scyllarus]( ![Mantis Shrimp by Jenny, from Wikimedia Commons](
These predators have highly sophisticated vision and, depending on the species, either spearlike limbs or clubs that move so fast the water can't keep up, causing dangerous cavitational effects that can even break glass.