Interesting theory Don
I see 3 reasons why it might not be a red grease pencil smudge.
ONE - The colour of the stamp is standard, but the colour of the smudge has a pink hue to it..We know if you add a white colour to red/carmine it will turn pink as the 2 colours below show us.
SECOND - As we all are aware of, most cancels with pen/pencil usually end up with a signature/squiggly line/etc...The stamp you shown as an example has what seems to be an obvious squiggly line...The original stamp has a elongated dot a shown below.
THREE - The smudge has 2 attributes to it..The smudge starts and about about half way through has the same details as those a finger was moved as paper was grabbed...I doubt that the pink hue was caused by the red pen coming into contact with any sort of white ink.
I will stick with my original conclusion that it was printer caused...
