This is 16 mm color (not "colorized") footage, that you may not have seen, of carrier action in the Pacific. There wasn't much color shot in the ' 40s - extremely expensive then, with a complicated and exacting processing process.
WW II : RARE COLOR FILM : AIRCRAFT CARRIER IN THE PACIFIC
http://www.youtube.com/watch_popup?v=9dR3h2HdnBQ