3M makes perforated vinyl film for day/night applications.  Its definitely not 50/50 tho, more like 70/30.  The offer black film that is perfect for black during the day and white illumination at night with white lighting behind it.  Is it as bright as a straight white letter? No.  Does it look better than the day/night acrylic we have used?  Absolutely.  They do offer a white film that you can paint/print a specific color for the same effect.  If you use a film with too much perforation you start to lose your daytime color.