I don't use the built-in red eye tool found in Photo-PAINT. It doesn't offer the best results in my opinion. Instead, here's my favorite way - from David MacDonald from over ten years ago. David Mutch was kind enough to detail the steps that were outlined in the CNEWS NNTP groups around the CorelDRAW 9 era.
While it takes a bit of effort to set up in Photo-PAINT, the results are absolutely worth it: Look at this extreme example I fixed today to show you:
While it takes a bit of effort to set up in Photo-PAINT, the results are absolutely worth it: Look at this extreme example I fixed today to show you: