Interesting theory David! Sounds plausible! It could explain the Red also. Would be great to have a picture...
It might also explain, why there is no yellow / red under the hood or not much of it on the inside / underside...
My wife's Granddad trained in Canada as a RAF Navigator!
I have light green primer, original OD, darker OD, Yellow and Red (all over body). The wheels are more like rusty white, with 3 post war and one later war combat rim. No clue how the blue in the rear adds up...it is only in areas were pictured. Windscreen and dash and some of the front end inside is Black.
__________________
Lars

C.D.LV 119965 / Motor 121093 / 2-16-42
C.D.LV 120292 / Motor 121840 / 2-20-42
C.D.LV 170355 / Motor 177024 / 8-28-42