ΔE 40.5, loose: different enough that you should pick on purpose. Ink Magenta is noticeably lighter, much more saturated, warmer than Purple Ink.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 40). Ink Magenta is noticeably lighter, much more saturated, warmer than Purple Ink.
The same difference applies the other way round: Purple Ink is noticeably darker, much 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.
See Purple Ink on the colour wheel See Ink Magenta on the colour wheel
All matches: Purple Ink equivalents · Ink Magenta equivalents