ΔE 7.8, close: similar, with a visible difference side by side. Light Flesh is a little darker, more muted, warmer than Basic Skin Tone.
Usually, if you are not matching paint already on the model. Close match (ΔE 8). Light Flesh is a little darker, more muted, warmer than Basic Skin Tone.
The same difference applies the other way round: Basic Skin Tone is a little lighter, more saturated, cooler.
ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.
See Basic Skin Tone on the colour wheel See Light Flesh on the colour wheel
All matches: Basic Skin Tone equivalents · Light Flesh equivalents