ΔE 16.9, loose: different enough that you should pick on purpose. Morghast Bone is a little darker, more muted, cooler than Highlight Flesh.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Morghast Bone is a little darker, more muted, cooler than Highlight Flesh.
The same difference applies the other way round: Highlight Flesh is a little lighter, more saturated, warmer.
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 Highlight Flesh on the colour wheel See Morghast Bone on the colour wheel
All matches: Highlight Flesh equivalents · Morghast Bone equivalents