Crossword Genius

Marxist compiler is a bounder (3,6)

Ross

I believe the answer is:

red setter

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'a bounder' is the definition.
Although both the answer and definition are singular nouns, I don't understand how they can define each other.

'marxist compiler' is the wordplay.
'marxist' becomes 'red' (red can mean a revolutionary).
'compiler' becomes 'setter' (both can mean a writer of crosswords).
'red'+'setter'='RED SETTER'

'is' is the link.

Can you help me to learn more?

(Other definitions for red setter that I've seen before include "description of evening sun?" , "My best friend" , "supplier of crosswords to the Daily Worker?" , "Breed of dog" , "Gun dog" .)

I've seen this clue in The Independent.
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