Thanks for those responses everyone.
To be clear, the roof isn't corroded or rusting, functionally it's fine, and the words of Bluescope Steel "will continue to provide us with many more years of service". That colour manufactured at that time is faulty, we wouldn't be having this issue if we chose a different colour. The problem with it is purely aesthetics, but who wants a dodgy looking roof that is delaminating, through no fault of there own, rapidly, we believe, devaluing their home?? We expect and accept that colourbond fades. The zincalume is showing through where it has delaminated.
Apparently quite a few people have taken the repaint offer, so we will try and contact some of them to see how happy they are so far, and will go over the process with the contractor should we choose to go with the repaint. The 10 year warranty makes us think it must be an ok system - as long as the original flaking doesn't keep occurring, simply removing the new paint! I guess preventing this must be part of the proper prep work though, believe me, we're not the only ones with this issue with them.
This could be an example for the other current thread about quality, and what do we accept.
Thanks again guys,
Dee.