Hi

Based on my understanding, you want to redistribute the winres.exe file
with your setup program.
If I have any misunderstanding, please feel free to post here.

From the EULA which is the file redist.txt located in the <SDK> install dir.
_____________________________________________________

.NET Framework SDK files

Subject to the license terms for the software, the following .EXE files may
be distributed unmodified:

MageUI.exe
Mage.exe
Makecert.exe

____

So I think you would better suggest you customer install the .NET framework
SDK by themselves.

Best regards,

Peter Huang
Microsoft Online Partner Support