I too have seen staining like this on
Piptoporus betulinus, however mine was more internal being more pronounced in the stem and underneath where
Hypocrea pulvinata was parasitising.
When I first joined WAB many moons ago, this was one of the first questions I asked and was told it is most likely
Hypocrea rufus, but this was way off the mark as I had no photo to send in.
The holes shown are almost certainly caused by a mollusc, so whether this particular fungus has a chemical reaction with any slug secretions, I just do not know.
I don't think this is staining by a bird with a funny tummy, more likely if it was a bird, to be a very small bird which had previously eaten a holy or blackthorn berry and had a deposit on the outside of the bill.
It may have then started on the fungus for desert and transferd the deposit causing the red stains.
However, I am convinced these holes are typical mollusc holes, produced by rows of tiny teeth mounted on a conveyor belt like organ called a radula (think of the old genus -
Radulomyces, now
Cerocorticium molare) that work like a rasp - scraping off the food, and resulting
in smooth round craters.
But sod all that - what's the fungus ?
Neil.