Perfect Vid that helps-- get me another shot of the keel locking pin in a still photo -- back up a bit, no need for a close up -- I've included a snip from your video with things I'd like to be able to zoom in on with my computer. Red is definitely water and iron based leftovers. The locking pin can very well be that source.
As horrified as I am by the gap in the upper reaches of the keel slot (a common place for sloppy layup ) that appears bone dry and factory surface (whitish grey , no intrusion or water settling there.
See if you can snap a couple of high (or higher) resolution pics of that area-- this is a cool mystery.
You should (my opinion .. others should chime in as well) prepare the upper gap for some fiberglass tape/mat and bond and enclose that area-- but highly unlikely that's your water source.
Blue lines appear to be level lines-- where water has either rested for long durations or at least traveled. Some indications of vertical creep down, and another level line (which would make more sense) below the pin. Some vertical indication of downward creep. I'd love to see above and to either side of this view for more detail.
Just Caught this -- definitely a continuous level line that works across the compartment (that was confusing originally-- how could you have a line on the right compartment and not the left?) Going out on a limb-- at one point your boat was nose in the air with this compartment full of iron rich water (pin and keel involved for the rust? ), probably a couple of times or at least multiple levels.
Would like to see why so much stain above-- but my nose in the air theory could explain it.
Short answer might be pull the pin (I never use it -- there's an argument here you should educate yourself about) and glass it over and you are good to go.