Every Renishaw probe I've seen lights a red led when the battery voltage is too low for probing.
I suspect that the "line of sight" between the probe and the detector is not clear. The probe ir signal is not being seen by the detector.
Make sure that the probe is properly oriented when the spindle does an M19. The probe and detector must be kept clean. Also make sure that nothing else is obstructing the line of sight between probe and detector.
You can also try inserting a slight delay when the probe makes its initial Z move above the part. This gives a little more time for the detector to see the probe.
Try a delay of 2 seconds, G04 F2.0
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