ΔE 23.9, loose: different enough that you should pick on purpose. Light Violet is noticeably lighter, more muted, cooler than Plum.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 24). Light Violet is noticeably lighter, more muted, cooler than Plum.
The same difference applies the other way round: Plum is noticeably darker, 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 Plum on the colour wheel See Light Violet on the colour wheel
All matches: Plum equivalents · Light Violet equivalents