Just my two cents here, but a memorial flight for fallen players should have some sort of structure to it.
If it were to be a memorial flight for myself this is what I would want to see.
7 Sherman tanks lined up side by side in front of the tower with a jeep parked center to the formation out front. Guns to max elevation and the jeep driver directs the fire order of all seven tanks.
The flyby would start out with all the members of my squad and then anyone else wishing to participate following behind them. Alt would be 500ft down the runway heading as to pass in front of the control tower. No more than 4 abreast during the flyby.
As the last of the main flight crosses the far end of the runway a flight of 4 Me-262's would fly over the tower crossing the runway at 500ft and 400mph in a tight finger four formation. As they cross over the tower number 3 pulls up in a sharp vertical climb, smoke on, level off at 3000ft smoke off and departs the area.
After the missing man formation has passed and the smoke from number 3 shuts off, the tanks fire 3 rounds each starting from the left tank down the line with a 5 second interval between each tank firing. Interval will be called by the jeep commander in charge of the gun detail.
Once the gun salute is completed all pilots may land.
That's how I would do it.
As far as being a participant in something like that, absolutely. Count me in.