ΔE 17.1, loose: different enough that you should pick on purpose. Pink is a little lighter, much more muted than Light Magenta.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Pink is a little lighter, much more muted than Light Magenta.
The same difference applies the other way round: Light Magenta is a little darker, much more saturated.
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 Light Magenta on the colour wheel See Pink on the colour wheel
All matches: Light Magenta equivalents · Pink equivalents