A cat normally gets very hot when in use, but not glowing hot.
Something is causing raw unburned fuel to be sent down the exhaust pipe where the cat "burns" this fuel. The cat is designed to burn the tiny amount of unburned fuel that comes from a normal engine. Now, if you pour excessive hydrocarbons (fuel) in the exhaust, the cat will burn that too and since it's burning too much fuel it glows red hot. This won't last very long, this is very damaging to the cat. The catalyst can get hot enough to melt. And that won't take long! And when it melts, then you will have a blob of molten metal blocking the exhaust pipe (now it's clogged!) and the engine will stop operating. At that point, the only fix is replacement of the catalytic converter.
However, if you find and fix the problem now you can avoid that expense. You have to find why raw fuel is going through the engine. The most common reason would be a bad spark plug or bad spark plug wire. If the spark doesn't work, there is no "combustion" in that cylinder and the raw unburned fuel goes out the exhaust pipe.
My guess is that since this is a result of the newly installed 4.6 stroker, you may very well have some sort of fueling issue.
Are you throwing any check engine lights at all? Does the vehicle smell like it's running rich?
