AFAIK, Eds Red is basically the same as Hoppes #9. I can tell you that Hoppes #9 and plastic are not a good mix. Hoppes #9 and any type of printed material is not a good mix.
As an example, when I clean my gun, I use this old plastic 'bath cup' to discard swabbies and cloths. Well, I just had to throw it out because I left some in there and the chemical reaction basically 'melted' the swabbs and cloths into the plastic.
So, no, not a good idea.