ΔE 17.1, loose: different enough that you should pick on purpose. Phoenix Red is a little darker, much more muted than Molten Lava.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Phoenix Red is a little darker, much more muted than Molten Lava.
The same difference applies the other way round: Molten Lava 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.
See Molten Lava on the colour wheel See Phoenix Red on the colour wheel
All matches: Molten Lava equivalents · Phoenix Red equivalents