ΔE 15.2, loose: different enough that you should pick on purpose. Cherry Wood is more muted, warmer than Flag Red.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 15). Cherry Wood is more muted, warmer than Flag Red.
The same difference applies the other way round: Flag Red is more saturated, cooler.
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 Cherry Wood on the colour wheel
All matches: Flag Red equivalents · Cherry Wood equivalents