Guess it would help if I posted what I found, eh?
From Steve:
******************* You may be interested in a bit more on the Box Elder. The red is indeed caused by a fungus, but it is not spalting. Common misunderstanding. The (red) fungus is only active when the tree is living. After the tree is cut all further (red) fungal action and growth stops. Therefore, it will not get better with time, like traditional spalting, which is grows in/on dead wood. Other more robust fungus types take over when the tree is dead and begin the decay process. If you wait too long, all the color may be lost as you found out.
You can save the red, but you may have to use UV inhibitors and you still get some loss. It can be done and I have seen pieces several years old that still exhibit the red streaking. Some had UV protection, others did not. It's a crap shoot, but worth the effort. I have some Box Elder Burl that has some red streaking, alas, precious little. Have a small bit more of the plain (non Burl) Box Elder that is full of the red streaking. Good luck in your turning!
Letting the chips fly... Steve Eurowood Werks
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Robert