I saw that on eBay as well and had considered it. You could have used an air brush and touched in some of the white spots to keep the originality if you wanted.
I have a 1948 Track model I'm in the midst of restoring. All in primer now and just got the paint last week. Have all the decals now so it's close. Hopefully I can post pics soon.
Looking forward to seeing some finished pics. It's a great blue color for this!