Quote from Squadrons "Walk Around" book..
"Experimental Dazzle Pattern"
"USAAF Capt Paul Hexter designed a black and white dazzle camouflage scheme for the P-51 in 1942, that was reminiscent of a WW1 warship. While moderately successful, the application and maintenance of the scheme was labor intensive and it was not adopted. The upper surfaces were painted in the standard Olive Drab".
In a nut shell....it was a "one off".
There are other aircraft of the era that had a similar pattern...
I can't seem to find it now, but I remember seeing another photo of a bunch of TBD's on the back end of a carrier...there were 3-4 of them in this scheme, among another bunch that were in the standard silver / yellow wing scheme of the time.