Final answer:
To correct red eye in images, the color replacement tool is the best option from the ones listed, allowing the user to replace the red color with a natural hue.
Step-by-step explanation:
To fix the red eye effect in images, the appropriate tool to use is typically a dedicated red eye removal tool. However, among the options provided, the color replacement tool would be the best choice. This tool allows you to select the red color of the eye and replace it with a more natural hue, which effectively corrects the red eye issue.
While a clone stamp tool could be used to manually paint over the red area, it requires a good eye for detail and can be time-consuming. The sponge tool is used for saturating or desaturating color, which would not fix red eye, and the magic eraser tool removes a color completely, which is not suitable for this delicate task.