Ugh, the pacing in that video. I have skimmed it. It does not show exactly how to do it. Since the maker of the video was selling unofficial Red compatible cards, I'm pretty sure he deliberately didn't give all the information required.
CF cards may or may not support SMART, and probably support it less completely than SSD, so there's no guarantee the same scheme is used. I give it a 70% chance, because devs are lazy. The "scrambling" method used for the serial number is not given (or I got unlucky and skipped it, but the comments suggest it's not given). That makes cloning a card to a CF card of the same model easier than modifying an arbitrary card to work. Both may still be hard, if knowledge of the "scrambling" is required.
Assuming the same scheme is used in both, I'd need a physical Red CF card to play with, and ideally the cam, too, to test if it worked. I am doubtful anyone is going to post me a Red cam + card.