As you increase the red number, I am assuming that adds a certain percentage of fuel when you hit your red/blue switch point setting. The red/blue switch point is determined by RPM?
This is correct except it's a combination of RPM and throttle position....
The red setting will effect fuel change of 2.5% and the green/blue (boost fuel) will effect change of 7%. Kind of a fine and coarse adjustment, to put it simply.
This is both true and not true...
True in the fact that the Red setting will adjust to a finer degree than the Green/Blue.
But, the percentage change is different depending on whose box you are using. These boxes can be programmed to change the parameters of which the Red and Green/Blue settings are adjustable. There's really no need to get into how these maps are written though.
Both of these values are overlapping on the upper end of the fuel curve so there is a small degree of adjustment you can do on the initial boost fuel but ultimately your Green/Blue is used to adjust your chosen AFR or EGT setting at full boost.
So here is a synopsis of how these boxes work to give you an idea of what the Red is doing and why you may or may not choose to use it:
As you start from a dead stop the box starts on green and moves to the Yellow mid range fuel. As soon as the Yellow comes on, all fuel from the green setting is switched off. This progresses as you move up the fuel curve.
The next setting is Red. Once you hit this setting, the midrange fuel is turned off. This is the WOT mainjet setting.
Now here's is where things get complicated, kind of... In a turbo application you are also adding additional fuel based on a reference of boost.
Once your box gets this boost reference, it adds fuel ON TOP of what your Red setting is already adding. You don't necessarily need this Red setting because anytime your turbo sled is at full throttle, it's already adding fuel based on the boost reference.
It is just used to add small amounts of fuel on top of the boost fuel curve. If you use it to finely tune your EGT temps or AFR while running at full boost take into account you are also adding fuel at initial boost therefore adjusting how quick your turbo will initially spool.
Now if you're running a little lean at initial boost it will spool faster BUT if you ride trails a lot to get where you're going your sled may be running in this low boost area quite regularly and a lean spot is not good. This would cause a burn down if held in this position for too long. Now with the Red setting you can add fuel here and cruise down the trail at a safe EGT/AFR range.
Personally I like the snap and quick spooling feel of an engine so when I hit the trails I have to "Brap" the throttle all the time to keep my temps down.
I hope this helps you to better understand how these boxes work.