Yellow Oxide vs Ink Red

How close are they?

ΔE 56.9, loose: different enough that you should pick on purpose. Ink Red is noticeably darker, more saturated, cooler than Yellow Oxide.

Can I use Ink Red instead of Yellow Oxide?

Not as a straight swap; see the closer alternatives below. Loose match (ΔE 57). Ink Red is noticeably darker, more saturated, cooler than Yellow Oxide.

Can I use Yellow Oxide instead of Ink Red?

The same difference applies the other way round: Yellow Oxide 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.