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Great jacket and love the patch - then again, I would wouldn't I!
Although in the listing they suggest Paul Morgan could have been an Eagle he wasn't. A Kentucky native from Lexington he was with the 4th from the 15th June 1944 until 4th April 1945.
The inclusion of the Eagle Squadron badge on the patch with the 4th's boxing eagle is not uncommon. The 4th was exceedingly proud of its RAF Eagle Sqns beginnings and that history and its traditions were very much kept alive in the group.
Here's Morgan presumably wearing the same jacket in the 336 Sqn snap from 1/1/1945.
As always click on the photo for bigger and better resolution...
Just my personal opinion but that would be solely for display purposes if I got my mitts on it. Consolidate any rot and decay and then leave it and display as is.