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I am fairly certain that you are correct on the markings.Great pics Merv. Love the Gnat, always wanted one as a private 'plane! It appears to be in the colours of the RAF 'Yellow Jacks', the aerobatic team (for one year) who later became the 'Red Arrows'.
http://www.ww2aircraft.net/forum/at...198384d1334010170-ontoss-photos-img_8951-.jpg
I spent all day Saturday March 24th washing and waxing that plane. It still looks pretty good and so do your pictures.
The pictures of "Honey Bunny" came out real nice.
Wheels