ΔE 7.1, close: similar, with a visible difference side by side. Carnage Red is a little lighter, more muted than Flag Red.
Usually, if you are not matching paint already on the model. Close match (ΔE 7). Carnage Red is a little lighter, more muted than Flag Red.
The same difference applies the other way round: Flag Red is a little darker, 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 Flag Red on the colour wheel See Carnage Red on the colour wheel
All matches: Flag Red equivalents · Carnage Red equivalents