We analyse the cluster color-magnitude relation (CMR) for early-type galaxies in two of the richer clusters in the z ~ 0.9 supercluster system to derive average ages and formation redshifts for the early-type galaxy population. Both clusters were observed with the Advanced Camera for Surveys aboard the {it Hubble Space Telescope} through the F606W and F814W filters, which brackets the rest-frame 4000 AA break at the cluster redshifts of zsim 0.9. We fit the zeropoint and slope of the red cluster sequence, and model the scatter about this relation to estimate average galaxy ages and formation redshifts. We find intrinsic scatters of 0.038-0.053 mag in ($V_{606}-I_{814}$) for the E and E+S0 populations, corresponding to average ages of 3.5-3.7 Gyr and formation redshifts z_{f}=2.4-2.6. We find at least one significant difference between the Cl1604+4304 and Cl1604+4321 early-type CMRs. Cl1604+4321, the less X-ray luminous and massive of the two, lacks bright L^* ellipticals. We combine the galaxy samples to fit a composite CMR down to 0.15L^*, and find that the slope of the combined cluster CMR is significantly steeper than for RX J0152.7-1357 but consistent with MS 1054-03, both at similar redshift. The slope of the Cl1604 CMR at the bright end (L > 0.5L^*) is flatter and consistent with the CMR slopes found for other high redshift clusters. We find evidence for increasing scatter with increasing magnitude along the early-type CMR, consistent with a downsizing scenario, indicating younger mean ages with decreasing galaxy mass.