From what I remember reading BoB allows the mission creator to type whatever serial numbers/apply whatever squadron codes they want. I imagine it is more going to be a question of whether the mission creator bothers. From the comments that team members have made it appears that the markings will generally be as accurate as people want to make them. How detailed the scope of this is remains to be seen, i.e. whether squadron letters and insignia can be edited and suchlike.
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