Are you unable to replicate if you add a JCarousel to the homepage of a stock installation of Pavilion? This doesn't occur outside of when the theme is selected. The only difference I see is that the theme carousel uses owl.carousel.css.
sorry for the late reply, but we are very busy with the upcoming 4.0 upgrade.
Anyway, I tried this on a clean install with Pavilion theme and I don't have any missing images neither on homepage nor on any other page. Can you please check if you have any other 3rd party plugins installed that might interfere?
Looking forward to your reply!