I decided to go with the blue binding. Most of the responses I received said they would go with the blue and a few suggested a red binding. I was leaning toward using the red but I have another log cabin quilt that will be going on the other twin bed in this room and I don't have enough red to do the border and binding on both of them.
I don't need them to be exactly the same but I don't have another red in my stash that will work so in the interest of using what I have rather than going out and buying another red I'm going to use the blue.
Thanks for the input.