kernel: EXT2-fs warning: checktime reached, running e2fsck is recommended
This warning will eventually popup in your log @ boot time. But 'e2fsck' is not a stock issue on FREESCO. Why not?
The FREESCO ramdisk is using so called ext2 file system. Every ext2 file system has a checktime build in. This is usefull when the ext2 is build on a harddisk or floppy but not when it's about a ramdisk.
You can therefore safely ignore this message (unless of course it's about another ext2 file system on your system).
The e2fsprogs package (available for both 027 and 03x) can be used to create and maintain ext2 file systems.