ΔE 17.5, loose: different enough that you should pick on purpose. Cygnar Blue Highlight is a little lighter, cooler than Periwinkle Purple. They are different kinds of paint: Army Painter Periwinkle Purple is a one-coat contrast-style paint and Formula P3 Cygnar Blue Highlight is an opaque base/layer paint, so they won’t behave the same on the model even where the colour is close.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Cygnar Blue Highlight is a little lighter, cooler than Periwinkle Purple. They are different kinds of paint.
The same difference applies the other way round: Periwinkle Purple 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.
See Periwinkle Purple on the colour wheel See Cygnar Blue Highlight on the colour wheel
All matches: Periwinkle Purple equivalents · Cygnar Blue Highlight equivalents