Dragon Red vs Red Oxide

How close are they?

ΔE 18.4, loose: different enough that you should pick on purpose. Red Oxide is a little darker, much more muted than Dragon Red.

Can I use Red Oxide instead of Dragon Red?

Not as a straight swap; see the closer alternatives below. Loose match (ΔE 18). Red Oxide is a little darker, much more muted than Dragon Red.

Can I use Dragon Red instead of Red Oxide?

The same difference applies the other way round: Dragon Red is a little lighter, 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.