Not Ranked
FROM one so called expert-Body flex is out of the question. If there was that much body flex it would simply crack-period. If it was "heat" it would have blisters and the paint would be discolored at least. It would also fall off or a finger nail would/could pull it of easily.
Release agent: The paint would have numerous "fisheye's" in the rippled area and would have peeled years ago.
Last "Double Venom" - (V-10) Sidepipes ran "Normally" at 1125, Auto Crossing or Drag racing at 1200 degrees. Most Cobras, even BB's will run less than 1,000 degrees. Never had heat damage. Pipes were less than an inch from the body.
My guess, assuming it has been that way for some period of time is body flaw, or improperly prepared for paint.
DV's 2-cents worth.
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