ΔE 6.9, close: similar, with a visible difference side by side. USAF Medium Gray is a little lighter, more saturated than JMSDF 2704 Gray N5.
Usually, if you are not matching paint already on the model. Close match (ΔE 7). USAF Medium Gray is a little lighter, more saturated than JMSDF 2704 Gray N5.
The same difference applies the other way round: JMSDF 2704 Gray N5 is a little darker, more muted.
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 JMSDF 2704 Gray N5 on the colour wheel See USAF Medium Gray on the colour wheel
All matches: JMSDF 2704 Gray N5 equivalents · USAF Medium Gray equivalents