Drape aerial foto onto terrain, AND on/off foto on terrain on a different layer

Drape isn’t rhe right tool. You are dealing with a(n) foto(/image) that you want to apply on multiple connected faces (the terrain surface). Apply the image as projected texture to the terrain surface.
You can then turn the texture off in the face style > monochrome.
If you do wish to turn its visibility off by layers, you need two terrain groups, one default and one painted and with its own layer assigned to it.