Here's Carpenter's Post regarding color....
"I am the proud owner of a 1954 4 door Kaiser Manhattan which I purchased from an individual who had bought it from the Petersen Automotive Museum in Los Angeles. It 99%+ rustless. It is supposed to be light green with a dark green top, but the museum had it painted bright red with a bright white top. It attracts a lot of attention being those colors.
I am trying to find and keep up with all 54-55s that are in my part of the country. Had no idea it was going to be such a major task.
If I had the money new 54-55s would be rolling off the assembly line on a regular basis. The styling of no other auto matches them."