ΔE 13.7, fair: the same colour family, but not a straight swap. Waaagh! Flesh is noticeably darker, more muted, warmer than Pharaoh Guard.
Only where an exact match doesn’t matter, such as a new unit or a highlight. Fair match (ΔE 14). Waaagh! Flesh is noticeably darker, more muted, warmer than Pharaoh Guard.
The same difference applies the other way round: Pharaoh Guard is noticeably lighter, 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 Pharaoh Guard on the colour wheel See Waaagh! Flesh on the colour wheel
All matches: Pharaoh Guard equivalents · Waaagh! Flesh equivalents