ΔE 15.7, loose: different enough that you should pick on purpose. Magecast Magenta is a little lighter, much more saturated than Purple.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 16). Magecast Magenta is a little lighter, much more saturated than Purple.
The same difference applies the other way round: Purple is a little darker, much 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 Purple on the colour wheel See Magecast Magenta on the colour wheel
All matches: Purple equivalents · Magecast Magenta equivalents