That chrome does sound pretty bad, but I still want photos. The chrome on my Schwinn New World was so terrible I resorted to rattlecan chrome paint, which looks pretty good in photos but wouldn't fool anyone. It's a cheesy half-fix, obviously... but worth considering, if you can stand it.

I'm curious about the decals, especially. In the photos I've seen, Drysdale/Velox bikes have the model name in both the head badge and on a single decal on the top of the downtube. The model name is more prominent than the maker's name. So if you have any decal preserved, I'd have thought the model name would be pretty obvious. And as you've noticed, the name "Grey Ghost" parallels the name "Red Devil" so seems a pretty likely name.