Considering the time period the sleepers were launched from, too..
I'm thinking the sleeper ships represent culture more than heritaged appearance. Though it is certainly a factor, I wouldn't be surprised if there were, for instance, nordic descent among the people of liberty and bretonia. Much like I wouldn't be surprised of there were slavic people aboard liberty/rheinland ships.
The problem is freelancer stock. It's made to represent some really well made stereotypes and things people can recognize.
But that's just my take on it.
Edit: though I have to agree with Echo. It's not just a bunch of racial features. It's specific mother nations.
But on that note I must mention, the chansellor of Rheinland in the stock campaign sounds almost romanian, compared to certain germans I have heard speak english with an accent.
One of these days, there will be a clever, stylish and/or funny signature here.
This is still not that day, however.