Sweet and Sour Grilled Shrimp

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1/4 teaspoon red pepper flakes

1/4 cup brown sugar

1/4 cup rice wine vinegar

1/4 cup lime juice

1/2 cup canola oil

1 lime, zested

2 cloves garlic, smashed

1 tablespoon peeled and grated ginger

1/4 cup freshly chopped basil leaves

Pinch salt

1 1/2 pounds large shrimp (16/20 per pound), peeled and deveined

2 limes, cut into wedges

Gina's Chili Cocktail Sauce, for dipping, recipe follows

Gina's Chili Cocktail Sauce:

1 teaspoon sweet chili sauce

1 cup peach preserves

4 tablespoons hot Chinese mustard