So... Iron Man figures have inaccurate colors, but people still have no problems buying them?
No he wasn't. Raiden's "Jack the Ripper" color scheme was a translucent red that covered his entire body, including his musculature. HT just painted over the armored parts in matching color with the Red Snapper figure.
I've also noticed that HT did the opposite of the red Raiden figure from PAK. Whereas the PAK figure had red muscles and black armored parts, this figure has grey muscles and red armored parts.