Not all genetic lines are created equal, and you never really know if your so called "blood" is really a blood. As after all the name "blood" was just made up someone 10-15 years back, and it just stuck as it described a regular red dragon that looked more maroon, than bright red. Just like the name Sunburst, Citrus, and Cawely are names made up to describe a particular breeders color. Sandfire is the best example of this, originated going on 30 years now to give credit to "Sandfire Dragon Ranch".
So with that said, the color red and orange show up almost immediately after birth/hatching. Very red lines can produce amazingly bright babies right out of the egg, while colors like yellow, green, and gold take a much longer time to develop, usually several sheds before showing... So my point is that you can have the brightest red parents, but that doesn't necessarily mean the offspring will be as vibrant as them, it's a trial and error game. Thus why when see many breeders hold on to a certain dragon for many years because they produce very hardy babies with super vibrant colors, and a lot of the time these parents are dull in color or not your most vibrant. So don't let you eyes fool you, just because your dragons are colorful doesn't mean the babies will be; but the likely hood of a colorful parent throwing colorful babies is much higher than a dull dragon with good genetics throwing the same kind of colors... Bottom line it's all about genetics, and most of the time you don't really know for sure exactly whats in a dragons make up... That's why time to time you see translucent dragons and hypos pop out of two seemingly normal parents. So if someone you trust says your dragon is such and such morph just take that as a best guess, that's really all you can do! Breeding is what proves whether or not the other breeder or hobbiest is correct in their assumption!
Oh and to answer your color question specifically, yes I would expect colors similar to the parents... So babies will have more color than the parents, and others less color...
Do you follow me? Hopefully I make sense this morning, and I hope this clarify's things...
Take care,
Anthony