Elven Flesh vs Light Orange

How close are they?

ΔE 7.2, close: similar, with a visible difference side by side. Light Orange is a little lighter, cooler than Elven Flesh.

Can I use Light Orange instead of Elven Flesh?

Usually, if you are not matching paint already on the model. Close match (ΔE 7). Light Orange is a little lighter, cooler than Elven Flesh.

Can I use Elven Flesh instead of Light Orange?

The same difference applies the other way round: Elven Flesh is a little darker, 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.