ΔE 9.4, close: similar, with a visible difference side by side. Ink Sepia is a little lighter, more saturated than Transparent Black.
Usually, if you are not matching paint already on the model. Close match (ΔE 9). Ink Sepia is a little lighter, more saturated than Transparent Black.
The same difference applies the other way round: Transparent Black 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 Transparent Black on the colour wheel See Ink Sepia on the colour wheel
All matches: Transparent Black equivalents · Ink Sepia equivalents