I'm a blue guy.
When a fastener is torqued with correct thread engagement, thread-locker is just a bonus.
With that being said, I absolutely have no qualms towards anyone who wants to use red. This just comes down to a matter of preference, how you've been doing things for years, and what makes you feel comfortable. Red on a 1/4" fastener may give you some trouble coming out, but it probably wouldn't bother you on something like a 7/16" fastener for an FE camshaft thrust plate.