This has been considered by the Bluebell railway at Horsted Keynes, yes. They've installed some vintage 3rd rail warning signs on the box (not sure if they're still there) and were keen to put some dummy third rail so there's something to be warned of! I would guess (I have no insider knowledge of the BRPS) that it's just a matter of priorities. They may need to drill additional holes in the sleepers or change them completely to mount the 'pots' on, and get hold of some pots and visually similar rail from somewhere. All of that takes time and energy that right now is needed to ensure the commercial recovery of the railway.Might I suggest they could install a non-connected "dead" length of 3rd rail for visual purposes while using the batteries for power?
That would seem to me to be a good compromise - as well as being a lot cheaper to do.
https://www.bluebell-railway.co.uk/bluebell/pti/hkwork.html has pictures which show the sign in place, although none very clearly. It's an excellent archive of the Signalling work they've done there.
Edited to remove reference to Ardingly Extension, got confused about which thread this was!