I think its easiest explained like bloodred is to diffused as candycane is to amel. Diffused is the actual morph, but add a little selective breeding for the best color and most pattern diffusion and youve got a bloodred. Hets can show a varying degree of diffused traits, some being almost like some lower grade diffused snakes. Its going to take a few years still to see how much diffusion he is going to get, but by the looks of him now he will be on the lower end of the perfect looking bloodred.
He probably wont be as nice of a blood as your that you got from VMS, but he's got the color.