You can just link to individual posts using the individual post's id and the [ post ] tag. The forum software will render it as a URL that is a permalink to that specific post.
So,
[ post=post number ] text [/ post ]
will be
Code:
[post=16134359]a link[/post] to your post above
a link to your post above.
You can also be a lazy bum and copy the link to report post to your clipboard, delete the word ‘report’ from it and place it in a regular URL tag. It should work, most of the time, but CFC sometimes changes its software and the URL system has changed so some earlier links from the past are broken. With the [ post ] tag you always get a permalink to the post with that post ID rendered.
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That said, actually marking or highlighting a post for any passersby to see is not currently enabled as far as I know.