Wavelength vs Ultramarine Blue

How close are they?

ΔE 18.4, loose: different enough that you should pick on purpose. Ultramarine Blue is noticeably darker, more saturated, warmer than Wavelength.

Can I use Ultramarine Blue instead of Wavelength?

Not as a straight swap; see the closer alternatives below. Loose match (ΔE 18). Ultramarine Blue is noticeably darker, more saturated, warmer than Wavelength.

Can I use Wavelength instead of Ultramarine Blue?

The same difference applies the other way round: Wavelength is noticeably 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.