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The black one has an LED display on it and I'm pretty sure the red one is a lesser model with just a **** on the back. Here is a scan from the 1997 catalog with the black one in it. Couldn't find the red one (MT1261A) in the catalogs that I have although this scan shows the MT1241.
Thank you 70s!
The reason why I ask is this week I bought what I thought was the Snap On MT2261A timing light, what the eBay seller sent me was the MT1261A.
The listing states MT2261A throughout, the picture shows a red light. I’m not comfortable with the switch, it could be alright or it could be the switch enhanced the sale. Before I contact the seller I want to learn more of the difference. Btw, the Red MT1261 does have a digital reading out.