I agree, Greg,

I put white letters on my 1954 chrome grill (that has white color on the inner part of the grill bars).

Since black was the inner grill color on 1955-1st white painted-hoods, I think the black letters might have been used on 1955-1st grills (painted grills, maybe).

Nonetheless, I like the black lettering with the yellow bottom-color paint that I will use on the 54 truck I am restoring. Most likely, I'll use the blue & red with black letters on that chrome grill.