on Chilli Red You go with Victoria Wax has good durability (couple of months easily) and is a great product to use and I am sure it does add a subtle glossy edge to the finish - use a glaze before it such as #7 Show Car Glaze from Meguiars as this will suit the red very well.
However, and this is only if we stick to waxes, I find it hard to look past Meguiars #26 Yellow Wax for red paint, as it leaves a subtle warm look that suits the colour well, lasts well and is phenomenal value for money at just £12 for 11oz. But just because its cheap, doesn't mean its poor - quite the opposite for #26, its a superb wax which makes a laughing stock of the uber priced examples than are way over £100 as they just cannot really offer any more to a finish than it can (IMHO) if your prep is spot on. Personally, I'd be hugely tempted to go with two layers of Meguiars NXT 2.0 on your paint (glaze and seal, deepens the colour a little and is a lovely product to use and gets a tenable result) followed by two layer of #26 for a little extra warmth and good durability. No idea on the carnauba content of #26 but trust me, its pretty irrelevant anyway and is used more as a marketing tool than anything else.
There you go.
Oh I pinched the above from DW and DaveG. If you read DW then you will know he is king and knows his stuff.