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Wow, Heather, you are a treasure trove of information on this subject! I am very impressed, even though it made my eyes water to try to read it all. But if ever I need to buy or breed a paint horse, I'll be in touch with you.
Most of what I know about horses is through reading, and I had read some about the medicine hat markings on horses, and the legends associated with it. I wonder if some of their mystique is due to the unpredictability of their occurance. So when you had a foal born with these markings it would seem like a miracle, a random blessing, and so these horses were valued more because of their rarity.