The red version is a great recreation of a well remembered model - the paintwork/decals and detail are very good. Like some others though I feel the clear, non-flashing light is too much of a compromise in 2025.
Although I appreciate there's a balance with authenticity. On the original model I found you could create a replacement bulb by applying a thin layer of red nail varnish to a clear bulb. A more radical approach would have been for CMC to come up with an LED flashing mechanism under a plastic dome to simulate the original bulb. This should be easy with the tech we now have.
Overall, though, a lovely model.