I believe I understand how it works now for newer versions of LPCXpresso you don't need to specify SWD debugging target on the dual-core MCU it does that automatically depending if the project is M4 Master or M0 Slave you only have to choose the MCU when starting debugging on the M4. For the flashing red it only happens if J5 isn't jumped or after flashing. I hope this helps someone who has the same question.