No, TS-49 Brilliant Red is for the Mclaren F1 cars, if you're doing the M8A that would be a Can Am car, which was an orange colour. Hiroboy has colour matched paint for it, not sure if Tamiya has one thats close or not.
http://www.hiroboy.com/catalog/produ...oducts_id=2606
Hope this is what you were looking for.
David