We present new results uncovered by a re-analysis of a Chandra observation of the gravitationally lensed , low-ionization broad absorption line ( LoBAL ) quasar H 1413+117 . Previous analyses of the same Chandra observation led to the detection of a strong , redshifted Fe K \alpha line from the combined spectrum of all images . We show that the redshifted Fe K \alpha line is only significant in the brighter image A . The X-ray flux fraction of image A is larger by a factor of 1.55 \pm 0.17 than the optical R-band flux fraction , indicating that image A is significantly enhanced in the X-ray band . We also find that the Fe K \alpha line and the continuum are enhanced by different factors . A microlensing event could explain both the energy-dependent magnification and the significant detection of Fe K \alpha line emission in the spectrum of image A only . In the context of this interpretation we provide constraints on the spatial extent of the inferred scattered continuum and reprocessed Fe K \alpha line emission regions in a LoBAL quasar .