I can confirm that i have the red eye in both lenses too. Seems to be normal. But, like i already said, these options are not for VR. They are for Anaglyph/Shutterglass 3D. I guess messing with these settings would do more harm than help. I had to do zero configuration. It was running out of the box for me. Do you have steamvr and your drivers at the latest versions ?
edit: Correction, i just read your question again. I see two red eye symbols. One at the left and one at the right. When i close the left eye, i only see the right symbol and vice versa. So, what you see seems to be normal. Here is a screenshot from the compositor mirror: