Is this factory correct paint?

[KissV]

I'm looking at buying a 1972 Cheyenne Super and the paint is throwing me for a bit of a loop. I thought on trucks with upper and lower moldings, the white stripe should be situated in the middle of the moldings?

I thought white bottoms only came on trucks with only lower moldings.

It's a Canadian truck and it has been repainted.

Picture here: http://imgur.com/a/iwW9l