Lamb chops in foil. One of the chops is being held up by a fork. Although red meat, such as lamb chops, are a good source of protein, it is high in saturated fats which can raise blood cholesterol levels. Cholesterol is a fatty substance needed by the body in moderation. Eating too much can lead to it depositing on the inside walls of arteries. This is a major cause of heart disease and strokes.