I had the same thing with a catalytic muffler which got very hot and turned the chrome a bluish tint. It gives off a lot of heat and one evening last summer I got home late enough that it was kind of dark out and I saw it was glowing red. I think the problem is the muffler catalytic design which I think is set up to get very hot and burn up unspent gasses. I do not like that muffler, but I suppose it is an attempt to make the exhaust cleaner. I use opti 2, so it is clean enough. I dislike the muffler enough that I bought a pocket bike expansion exhaust and adapted it to the bike. Runs much cooler, gives more power and sounds real good, or it did unti I lost the bike in a truck fire. I had thought at first that the hot exhaust was due to the bike running too lean or something, but that wasn't it. I don't know what to advise, you, but I really don't like that catalytic muffler. I've hears since then that not all of the catalytic mufflers are made the same way, so maybe some are better than others. Mine came from BGF and no doubt the same muffler shows up with other dealers. That's what I think your glow is all about. Somebody who knows more than me may venture another opinion.
SB