Hi BC Stewart,
No, no Bug in the FRDM-KL27Z schematic.
You are referring to the wrong reference manual.
Please note, the chip on FRDM-KL27 is:KL27Z64VLH4, you are referring to the 128K 256K KL27 chip, the correct RM for FRDM-KL27 is:
http://www.nxp.com/assets/documents/data/en/reference-manuals/KL27P64M48SF2RM.pdf

Wish it helps you!
Have a great day,
Kerry
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