Question on htaccess and Gzip/Caching

Just wondering if someone more knowledgeable than I could have a look at my htaccess code and tell me whether it is correct or is there something that is repetitive and doesn’t need to be there. I got this code from a couple of blogs during my research and as I am a newbie when it comes to htaccess I was looking for some expert advice. Thanks in advance.

# BEGIN WordPress
<IfModule mod_rewrite.c>
RewriteEngine On
RewriteBase /
RewriteRule ^index\.php$ - [L]
RewriteRule ^go/(.+) /index.php?red=$1 [QSA,L]
RewriteCond %{REQUEST_FILENAME} !-f
RewriteCond %{REQUEST_FILENAME} !-d
RewriteRule . /index.php [L]
</IfModule>

# END WordPress

### activate mod_expires
ExpiresActive On
### Expire .gif's 1 month from when they're accessed
ExpiresByType image/gif A2592000
### Expire everything else 1 day from when it's last modified
### (this uses the Alternative syntax)
ExpiresDefault "modification plus 1 day"
### Apply a Cache-Control header to index.html
<Files index.html>
Header append Cache-Control "public, must-revalidate"
</Files>
# compress text, html, javascript, css, xml:
AddOutputFilterByType DEFLATE text/plain
AddOutputFilterByType DEFLATE text/html
AddOutputFilterByType DEFLATE text/xml
AddOutputFilterByType DEFLATE text/css
AddOutputFilterByType DEFLATE application/xml
AddOutputFilterByType DEFLATE application/xhtml+xml
AddOutputFilterByType DEFLATE application/rss+xml
AddOutputFilterByType DEFLATE application/javascript
AddOutputFilterByType DEFLATE application/x-javascript

# Or, compress certain file types by extension:
<files *.html>
SetOutputFilter DEFLATE
</files>
<ifModule mod_gzip.c>
mod_gzip_on Yes
mod_gzip_dechunk Yes
mod_gzip_item_include file \.(html?|txt|css|js|php|pl)$
mod_gzip_item_include handler ^cgi-script$
mod_gzip_item_include mime ^text/.*
mod_gzip_item_include mime ^application/x-javascript.*
mod_gzip_item_exclude mime ^image/.*
mod_gzip_item_exclude rspheader ^Content-Encoding:.*gzip.*
</ifModule>

<IfModule mod_expires.c>
# Enable expirations
ExpiresActive On
# Default directive
ExpiresDefault "access plus 1 month"
# My favicon
ExpiresByType image/x-icon "access plus 1 year"
# Images
ExpiresByType image/gif "access plus 1 month"
ExpiresByType image/png "access plus 1 month"
ExpiresByType image/jpg "access plus 1 month"
ExpiresByType image/jpeg "access plus 1 month"
# CSS
ExpiresByType text/css "access 1 month"
# Javascript
ExpiresByType application/javascript "access plus 1 year"
</IfModule>