ΔE 9.9, close: similar, with a visible difference side by side. Squig Orange is a little lighter, more saturated than Vermillion.
Usually, if you are not matching paint already on the model. Close match (ΔE 10). Squig Orange is a little lighter, more saturated than Vermillion.
The same difference applies the other way round: Vermillion is a little darker, more muted.
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 Vermillion on the colour wheel See Squig Orange on the colour wheel
All matches: Vermillion equivalents · Squig Orange equivalents