On the D&RGW (and SP) the bottom head is often a "grade signal" and displays a "grade aspect."
The grade light is the same size as the others, but the background target is smaller than the three foot diameter standard interlocking--18"-24" as I recall, and it IS on the opposite side of the mast.
I only recall seeing them on single, intermediate signals, between interlocking/absolute/positive stop switches...and only on upgrade signals.
The D&RGW aspect is "lunar white," and it is very much a silvery grey color, not a normal white or soft white like an interior house bulb. It really does remind me of seeing a full moon through a light overcast.
[Not sure of the color aspect on the SP]
The purpose is to keep upgrade traffic flowing, and particularly in steep grade territory, to keep trains following other trains from having to stop and restart again...which can be very difficult even on dry rail.
When an upgrade train head end passes the signal, the color goes red, and when the tail end/caboose passes it too, the lunar white comes on, giving an indication of red-over-lunar white=grade permissive.
Paraphrasing mine: A train may pass the signal AT RESTRICTED SPEED without stopping, but being prepared to stop at any obstruction. The red tells the engineer of the following train that the block he's entering IS occupied, and on a dark, stormy and foggy night, you'd want an extra slice of caution...but if you could keep your train moving at even slow walking pace, it could be a big help. Restarting on wet, greasy rail can be a royal pain at times, I gather.
Note: This kind of slow uphill running is also where coupler strength and traction motor short-time ratings come into play too, so it can all get pretty interesting.
[Restricted speed aka yard speed is usually 15mph...but sometimes 10mph. Depends on the road]