*In my applications folder, I have both a media100 "and" a media100 Producer folder. Both contain a graphics and filter folder. Inside them is what's called a "composite suite 4.3 filter bundle" Inside
that is a couple of folders which contain a "compositing suite filter" I'm not sure if this means anything to you, but ya never know.
*Is there any steps I'm supposed to do in order to have "red" used as the default title/comp program?
The "Composite Suite" is basically RED, with some additional integration into Media 100. If you only have installed Producer, you should only have the "Media 100 Producer" folder on your drive. I would do a reinstall of Producer, which should automatically install everything needed. And make sure that you launch the Media 100 Producer application that "lives" in the Media 100 Producer folder. If you move the App out of the folder it will not find its plugins (and most of the other stuff).