The origin of red on COM was for conventional method of wiring 2 way switching: With Line (Live) on com at one end and Switched Line at t'other end
The old traditional two way switching including conduit would indeed in my experience consist as Com on one switch be the Perm L (feed) and Com on the other switch be L (switched) so the old Red in both cases and the strappers would also both be Red too and was done basically with all L to switches and all N to ceiling rose with only the switch return (L) also going to the rose , looping in at L was therefore only done in switches and looping in at N in roses.
I have not mentioned the E to either if present just for clarity. Single and Earth became available too, usually Red and E but you could get Black and E .
With the advent of T & E cable and lack of conduit this really caught the trend and Loop in to each rose and out to the next one until the last one on the run, A T & E as feed and return from switch to rose therefore became the fashion.
Ideally twin red but Red and Black was often used, sometimes (actually too often methinks) without sleeving or flagging with tape.
The advent of Three Core and E made it easy to convert an existing one way switch position be converted to two way but the wiring arrangement for five L conductors for three terminals did seem odd to some who had difficulty following it. Indeed it would have seemed counter intuitive to some folks it did cause concern to some.
Once again with Three Core and Earth you had a Red, a Yellow and a Blue and this was not always sleeved for clarity and different folk had different ways of the correct colour code base for the different terminals .
It appears that Sunray agrees with my thinking about the Reds in 3 core and E - it`s unusual, most folk disagree with me. LOL,
That said you could buy Triple Red (and E) but would cost a fortune, Twin Red cost a couple of quid a roll more than Red and Black for Twin and E, folks tend to go for the cheapest option, not surprisingly.
I did come across one installation by a contractor who had used both Red and Black rolls and Twin Red rolls and he had transposed the usage, probably just a careless accident I suppose. But he did not even correct it with sleeving or insulation tape either, what a nightmare to follow, he was not a contractor I respected for multiple other reasons either but this one particular incident did stick out in my mind.
Sometimes in life I think (not just with regards to Electrics) we look at things and how they`ve evolved and first thought is they don`t seem logical but if you follow the different steps it does sometimes make some sense.