Thanks so much Dave, i saw other markings on panels that seemed pretty intuitive, like for tie downs and lifting, but this one stumped me and i didnt know the magic words to google.
Iainpeden , yeah you will be able to see in the photos that the red paint in particular seems extremely prone to complete separation from coats beneath.
I actually took an absolute shed load of images of the plane for work, as i wanted super close up images if aircraft wear and tear. A few are blurry, and almost all are at extreme close distance to point you might not know what part of aircraft you are looking at, but if anyone is interested i will leave folder in my dropbox for a few weeks. It's a few gigs tho so keep that in mind. XD
https://www.dropbox.com/s/l5jyarezrrae3pt/buckaneer.7z?dl=0
I passed the link for the folder on to the person who accepts photos for use here, but i don't think they saw message yet. so i can always reupload if they need them.