The red Gyarados is simply a shiny Gyarados. This means the red Gyarados is not any stronger or weaker than other Gyarados. Gyarados in general is considered to be a very powerful Pokemon for how easy it is to get.
Chat with our AI personalities
Yes, the "Red Gyarados" is actually just a shiny Gyarados.
No, Gyarados and red Gyarados are basically the same having only one key difference; red Gyarados is a "shiny" Pokemon which changes its color and makes it rare to find in normal gameplay.
Get a shiny Magikarp. A Red Gyarados is a shiny Gyarados.
Red Gyarados is captured by using a Pokeball. In combat with Red Gyarados, a player can weaken the Pokemon and then use a Pokeball to capture it.
There is not a red Gyarados in Lake Verity. The in-game report of a sighting is simply a story mechanic to get the player there. This little story element is a reference to the Red Gyarados in the Lake of Rage on Pokemon Gold and Silver.