I agree, the blue and red versions should just be one single effect, with the colour being team-dependent.
It's already bad enough that Valve made/allowed weapon skins that are red or blue on both team, screwing with team recognition from a distance.

P.S. No, Aces High does not suck. Stop blindly parrotting things traders say, Teknis. It was the first true team-coloured hat effect. And it's the best themed effect for High Roller weapon skins.

Aces High is a decent effect, but because all orbiting effects are glitched, it's not great until Valve fixes them.