Hmm? I've been talking about red rubber grease specifically but, like antifreeze, you can be caught out by using colour alone as an identifier. I've seen a general multipurpose grease in America which was coloured red and looked very similar to the red rubber grease I have in my workshop. So, be careful and read the spec on the tin before buying/using.He was putting it onto the bushes/rubber seals in a gearbox after replacing them and also on the bolt holes. In hindsight he was probably being lazy by putting it on the bolt holes because another grease would have been better?
I guess when you say he put this grease "on the bolt holes" he was using it to lubricate the bolt threads? If so a rubber grease wouldn't be my first choice. I'd assemble them dry or with a wee touch of blue thread locker - don't want that sort of thing coming loose. Maybe on rubber O ring seals? although I prefer silicon grease for this. Can't think why he'd be putting it on gearbox mounts either come to that. Maybe on some sort of rubber bushing part of the gear change linkage? Maybe?