He's in the Mahogany Town Souvenir Store.
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After you catch the Red Gyarados, Lance will be at the shoreline of The Lake of Rage.
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.
Yes, the "Red Gyarados" is actually just a shiny Gyarados.
You first find lance after beating the Red Gyarados, then you meet him in the souvenir shop, and battle team rocket with him. You will also see him again as Pokemon League Champ.lance is the johto champion so you could find him after you beat the elite fourAt the lake of rage in mahoganyIf you have not met him yet, Lance is at the Lake of Rage. Once you defeat the Red Gyarados, he will be reading a sign. Go and talk to him to continue the game.
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.