ΔE 17.9, loose: different enough that you should pick on purpose. Light Brown is much more muted, cooler than Transparent Brown Iron Oxide.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 18). Light Brown is much more muted, cooler than Transparent Brown Iron Oxide.
The same difference applies the other way round: Transparent Brown Iron Oxide is much more saturated, 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 Transparent Brown Iron Oxide on the colour wheel See Light Brown on the colour wheel
All matches: Transparent Brown Iron Oxide equivalents · Light Brown equivalents