That’s completely incorrect. The parent comment has it right. In normal usage, the meaning of #\) is entirely determined by the implementation for the #\( reader macro. This happens because the reader macro for #\( keeps consuming characters until it has located AND consumed the matching #\). The reader would only run the #\) reader macro if it encountered a #\) that didn’t have a corresponding #\(. That’s what they meant when they said “it signals an error”. Specifically, it signals that there are unbalanced parentheses.

If you redefine the #\) reader macro, you could use it in a top-level context. That’s probably not a good idea since it’s easy to accidentally have too many #\) when closing a deeply nested expression and thus accidentally invoke the macro.

Aside from signaling an error, the #\) reader macro is also useful because it changes the rules when reading symbols. Basically, if you write (+ foo bar), the existence of the #\) macro helps the reader know that you’re referencing the “bar” symbol rather than the “bar)” symbol.

Generally, when people define new balanced-pair syntax for Common Lisp, (such as a #\{ macro for hash tables) they will follow the same pattern and define a corresponding reader macro for the closing side that always signals an error for all the same reasons.

Edit: also, as others have pointed out, you seem to be mistakenly assuming that the redefinition takes affect mid-way through reading the expression. That’s not how CL works. CL cleanly separates the process of executing code into a few distinct phases. First, the reader reads an entire expression (“form” in lisp terms). Then, that form is macroexpanded (traditional macros, not reader macros!) as needed before (optionally) being compiled and then executed.

The change to the read table would happen during the execution phase — well ordered after the original characters for that form are out of the picture.

You COULD force a change to the readtable mid-way through reading a form using the #. reader macro, but that definitely gets into chainsaw-juggling territory.