I can't address the red dot versus 'coma', but I would suggest you have somebody else look through the scope to see if they see the same thing. Try looking through a similar scope and see if yours is out of adjustment.
As to 'light gathering' and magnification, there is a mathematical relation between them. It's true the scope just 'transmits' some of the light. It only takes light that comes in through the front lens and projects it into an image that floats in front of the eyepiece. This 'virtual image' is then seen through the final magnifying eyepiece and projected onto your retina.
The bigger the front lens (objective lens) the more light can come in to make the image. If you go from a 1" diameter objective lens to a 2" lens you will have 4 times the light gathering power (or transmitting). This isn't obvious until you figure the area of the lens goes up with the square of the change. So a 30 mm lens compared to a 25 mm lens would be 30/25= 1.2 and 1.2x1.2=1.44 times as much light. This is why big front lens are good in low light.
Now for the other end. When you take the light transmitted or gathered by the objective lens and make an image, it can't be any brighter than when it came in the front. If your eyepiece didn't magnify it it we'll call that 1x power. If you magnify it 2x then the size of the image is twice as big in every direction, so the area of the image is 2x2 or 4 times as big. The brightness is now 1/4 of what it was. The image only gets dimmer and darker as the power goes up. 3 power is 1/9 as bright 4 power is 1/16 as bright.
This isn't always a problem in bright daylight, as the image is still bright. The problem is at dawn and dusk when the light is minimal. It is possible to increase the front objective lens by a certain amount to balance this dimming, which leads to bigger, bulkier and more expensive scopes.
As to coatings and other advances in optics, they only stop losses and don't really add anything to the amount of light coming in. They are good, but don't change the dimming involved in the magnification.