Ah, the red racing stripes is the True Power Quattro, or TPC-1200. They're pretty decent units, made by Enhance. Solid design, Japanese capacitors, reasonable performance. Efficiency is a bit lacking by modern standards and the fan is a bit noisy, but electrically you have nothing to worry about.
I will say, I did see one weird failure from a TPC-1200. While I was at EVGA we had a unit called the SR-2 1200W, which was literally just an Antec TPC-1200 with a few extra cables and the EVGA logo on the side. For whatever reason we sourced the unit from Antec, who sourced the unit from Enhance. Don't know why we didn't buy direct from the OEM, kind of dumb. Anyway, we had one of these units on the test bench with a load of 1A @3.3V with all other rails open circuit. Suddenly it went *BANG* and huge streamers of confetti shot out the back, and the whole lab smelled like death. When we opened it up the two bulk storage caps had both exploded.
Turns out that the optocoupler for the main feedback loop had randomly failed, which caused primary voltage to go >500V and blow up the 400V rated caps. It was a random failure, so not something you should worry about really, but it is an interesting story I like to tell. :p