I noticed a bit of red fluid in the bilge...We are obv leaking some hydraulic steering fluid...If I cant find the leak, any likely culprits? Is it likely just a fitting or bad connection?

We have 6.2L's..

I have a similar leak, I think mine is the PS cooler and its only showing up on one side. If I have time this week I will let you know where mine is and maybe save you some time.
SD

Check your trim resivours on the side. Sometimes they can crack when running hard. They make replacement ones, pretty inexpensive fix.

we traced ours to the res for external power steering...we found no visible cracks...we think it leaked out of the cap from hitting hard in the long island sound.