yup, indeed it is reflector tape, i think it's actually a 4 feet long piece of reflector tape, i was thinking of changing it to a fully silver tape, maybe 6 feet so it covers the whole sides of the thing, but right now the red and silver looks quite cool, i originally put it to cover the hole left by the output jack, which used to be on the inner side of the lower wing, making playing sit down impossible, the original tape holed so i plugged the hole on the guitar with a piece of pine and toothpicks, sanded to level and put the current tape
well actually the caps aren't that rough, they're a bit softer on the hands than the dimebag traction holes you normally do with a soldering iron (the vol pot has the dimebag traction mod f you look close) and if you sweat a lot (like me) turning the puts becomes tricky, with these things the knobs no longer slip on your hand