White is Bad !

Fair enough, I was ashore at Portscatho when the crew of ' Drum ' were hoiked to safety after the keel fell off, though that's a whole other story...

My boat had red antifouling for one season and I think looked awful, but there's no harm in a red or pink bit in the normally invisible central bit of the underside, anything which might help as Plan B !
 
But the flashing light certainly catches your eye, surely?
This is the same as the debate about strobe lights on lifejackets - flashing lights catch the eye but make it much harder to estimate distance/speed and so on.

I am not a fan of flashing lights at night on a bicycle - although you could make the argument that they are useful in the daytime.
 
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