Scarce? No. More like scary.
I questioned Dana as to whether he was only using deep water corals in his experiments where red light caused bleaching, because this study (
http://jeb.biologists.org/content/213/23/4084.full) suggested that shallow water corals do better when exposed to full spectrum than when exposed to a deep water (blue) light source. Since full spectrum includes red, it would make me wonder just how bad red really is. His reponse: "Re: Red light and coral depth. I've bleached many corals and zoanthids with red light, including Pocillopora meandrina, Porites lobata, Pavona varians, and an unidentified zoanthid. P. meandrina and Porites lobata were collected in shallow water. Pavona varians was collected in shallow water, but lives in crevices and overhangs to avoid light (it is in essence a deep water coral). The zoanthids were collected in a surge area and are exposed to the atmosphere for a good portion of the water."
His other experiments, documented on AdvancedAquarist.com, showed that the growth rate of corals was directly linked to the amount of red (or lack of).
I think there's enough evidence to suggest that supplementing with red is, at a minimum, not good for my corals.