Well I see my old URL fishing buddy Joel was working on a answer at the same time I was.
Mines better because, well I’m cooler then Joel Nelson, hands down. 
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It is more then just color on Red.
More often then not a multiple presentation will outshine any one single style set up. You want to approach it with two main objectives 1) Get their attention in the stained red waters with its limited visibility. 2) You need to match the mood for the best hook ups on whether they are negative, neutral or looking to smash anything in front of them.
How I normally approach it is one jig rod making all the noise and flash possible. Some great baits for this are a various assortment of rattle type spoons such as the Buckshot spoon, Lindy Flyer and the irresistible flutter of the Slender spoon, also look at the BFT blade baits with that low end hum that calls in fish from long distances. The more flash and dash the better, golds, silvers, whites and other long range colors will work great to get them turned around and looking for the chow.
Now that you have them turned and aggressive look at your glow colors such as red, green and white applied to smaller jigs with a rocking motion such as grub style jigs, Rockers and Demons in a smaller size. Hold steady as fish come into the screen of your flasher investigating the noise and flash from your aggressive jig hand only to reject that offering 9 times out of 10 before moving onto the live bait presentation with its limited motion and allure that only live bait can produce.
Call them in with flashy metallic with rattles and seal the deal with small and subtle glow jigs, unless they are on fire hot. Then bust out glowing spoons and minnow heads with an aggressive bottom pounding and hang on because you have just become an all-star fish flipping angler.
Now for those extremely tough bites you can’t beat a super sensitive bobber rig and a plain hook. Set the rig so the bobber just barely holds the bait and don’t touch it! You will want to touch it, jig it, maybe even just twitch it a little…don’t touch it. Often time when Red goes negative we have learned from the Marcum cameras that the walleye will not make forward motion towards their target, period. By a simple opening of the mouth and a puff of the gills and they suck in a large amount of water and draw the bait in all while never moving a millimeter. They then sit and hold the bait sometimes for several minutes before deciding to either move on or consume your offering, one twitch, movement or heavy bobber pull they will spit it back out as quickly as they pulled it in. This is where your bobber rig needs to be ultra sensitive and as light as possible, it will pay huge dividends when the going gets tough. And remember don’t touch it!
