I put another coat of red on it last night. After sleeping on it I've decided I really don't like it. The straight black was just so much cooler.
It had also highlighted a couple of areas I hadn't sanded enough. So I'm going back over the whole thing with 240 and going straight black which I will clear over. The grain effect is really nice and it just seems to suit better IMO.
Next time I do a wood finish I'll go the dingo tone route as everyone seems to get such great results with it - and I'm not very experienced with wood finishing. Paint is so much more forgiving!
I'm also considering swiping the tuners and pickups from the Flying V build as that's been back-burnered for a little while.