I've seen them in person and you're dead-on. I don't think they really try to hide that they are Factory Five kits, though.
They a brought a pair to Beaverun for the vintage grand prix. There was an orange one that looked like a race-prepped version wearing Hoosiers and then a few guys did some some "exhibition" autox runs in a street version.
Here are some good action shots that someone took:
http://autoxphotos.com/gallery.asp?action=browse&categoryid=570&whichpage =20
Even with some decent drivers behind the wheel, there were quite a few smokey spin-outs
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