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Crystal Red replaced Monterey Red. Mag Red was never a color for model year 2006, 2007, or 2008.
but Monterey Red 'replaced' Magnetic Red which was available with the 2005 model. Precision Red was another short-lived color available with the 2005 model...it was phased-out quite early.
IMO there is no "replacement" for Magnetic Red....it's the best!
Crystal Red is a lot closer in color to Mag Red then Monterey Red. Hence, if you are looking for something close to Mag Red, Crystal Red is pretty close.