Magenta vs Lipstick

How close are they?

ΔE 20.3, loose: different enough that you should pick on purpose. Lipstick is a little darker, more saturated, warmer than Magenta.

Can I use Lipstick instead of Magenta?

Not as a straight swap; see the closer alternatives below. Loose match (ΔE 20). Lipstick is a little darker, more saturated, warmer than Magenta.

Can I use Magenta instead of Lipstick?

The same difference applies the other way round: Magenta is a little lighter, more muted, 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.