Step 1: Recall the condition for collinearity.
Three points are collinear if the slopes between them are equal.
\[
\text{Slope of } AB = \text{Slope of } BC
\]
Step 2: Compute slopes.
Let $A(1, 4)$, $B(a, -2)$, and $C(-3, 16)$.
\[
\text{Slope of } AB = \dfrac{-2 - 4}{a - 1} = \dfrac{-6}{a - 1}
\]
\[
\text{Slope of } BC = \dfrac{16 - (-2)}{-3 - a} = \dfrac{18}{-3 - a} = \dfrac{-18}{a + 3}
\]
Step 3: Equate the slopes.
\[
\dfrac{-6}{a - 1} = \dfrac{-18}{a + 3}
\Rightarrow
6(a + 3) = 18(a - 1)
\]
\[
6a + 18 = 18a - 18
\Rightarrow 12a = 36
\Rightarrow a = 3
\]
Step 4: Conclusion.
Hence, $a = 3$.