OK, it's been a while since I posted here, but I have learned a few things. I make the rice wine both with and without the red yeast rice. For traditional wine according to some Chinese friends, you use:
10 lbs long grain sweet rice
One 12 oz package of red yeast rice
One yeast ball per pound of uncooked rice.
When done cooking rice, add 2 gallons of cold water in a 5 gallon or bigger bucket. Soak the yeast balls in warm water for a while. It makes them easier to break up. Add red yeast rice and yeast ball mix and stir well. The first couple days, I open the lid and stir it up once a day.
Pretty simple but here's what I have learned. Every time I have made this in the house at room temp, I get a sour wine. Talking with my Chinese friends, they traditionally don't make rice wine until the end of October when it is cooler. The BEST wine I ever made was last year when I used just cooked sweet rice and yeast balls with no additional water. I left the bucket out on my garage floor for a couple months where it was in the low 30's F for most of the time. The wine came out sweet and SUPER STRONG.. guessing @ 20% because a small 6 oz bottle will mess you up. I filtered all the solids out into a glass carboy and put that back out in the garage for another month or so.
I used a racking cane and filled a bunch of small bottles, corked them, then left them with the corks up. What was left in the carboy, I dumped into a couple half gallon jars and put those in the fridge. The solids will continue to drop out and leave clear wine where you can gently pour it off several times over severa weeks until just solids remain.
The red yeast rice recipe above with additional water makes a less potent, but still strong, dry wine. No additional water makes sweet, tasty, rocket fuel. lol. A year later, it still tastes very "alcoholy". If you keep it out of sunlight, I don't see any reason you can't age this for several years... if you can keep your hands off of it to do so.
So.. many recipes and ways, but try a cold-made batch and you won't be sorry. Cold doesn't seem to bother the yeast in these yeast balls. it may slow them down a little, but I've read many stories of blown up bottles in the fridge because this yeast keeps on truckin' in the cold if you put it there before it's done.