I still don't quite get the relevance. You say you might travel less because buses are less distinctive externally but you can't see that if you're travelling. However, you say you look at buses passing in the opposite direction...which means you don't need to travel anyway?
In any case, the loss of revenue from a few enthusiasts will be nothing compared to the projected savings from not repainting vehicles on transfer
I don't think you got my point - explained above
Absolutely right.
First of all, reliability is THE most important consideration for a customer. It's the base requirement - does it get me to where I want to go, and at the time it should. That is the core of the "product" and you can't market an inherently crap product (i.e. doesn't turn up, isn't late, doesn't go where I want it to go).
Get that right and then you can focus on marketing etc. Oh, and price/value is a relatively low consideration for most passengers. This is borne out in countless studies and surveys.