Okay, I went and saw the flying cloud. I even took a few photos of it. It is indeed this same bike as shown in the photos above and it really does have an ugly puce colored frame, having been overpainted at some point. I didn't like riding feel of its geometry and the front wheel was a bit wonky so I didn't buy it. I mean, if I hadn't just bought Walker's 1930's Westerfield tank bike frame I ---might--- have been more interested.
I spoke a while with the 89-year-old fellow that owns it and I learned a little bit about it. The rear rack was an aftermarket item he put on as a boy. I almost tried to see if he would just sell me the rack because it is so unique---looks as if it is actually curved like that, not just bent from being used or overloaded. At some point he left it stored while he was overseas and somebody in his family overpainted the frame.
If anybody wants any more details, please let me know. As far as I know the bike is still available but I doubt he would go through the hassle of shipping it.
Cheers,
Tim