I too have a red Tiger Lotus, and it has behaved exactly like the one the OP has. It spent about 2-3 weeks on the bottom of the tank filling out, and then dedicated itself to sending shoots to the surface. After 8 weeks, I have about 8 floating pads, and two shoots en route to the surface at any given time. This seemed novel at first, but the plant is becoming a light hog.
My reading has suggested this is normal and not a result of any particular lighting/fertilizing situation. If left unchecked, they will try for the surface to set up pads and eventually flowers. If this is not desired, the shoots should be cut and discouraged to promote bottom growth. Once they find the top they are hard to retrain.