ΔE 18.5, loose: different enough that you should pick on purpose. Mica Red is noticeably darker, more saturated, cooler than Squig Orange.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 18). Mica Red is noticeably darker, more saturated, cooler than Squig Orange.
The same difference applies the other way round: Squig Orange is noticeably lighter, more muted, 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 Squig Orange on the colour wheel See Mica Red on the colour wheel
All matches: Squig Orange equivalents · Mica Red equivalents