Interchangeability of fit
The wheel mounts on the same spindle with the same flanges and the same guarding, and nothing about the machine interface has to change.
Comparability of specification
The fields written on the marking line up, so the two wheels can at least be discussed in the same terms. This is what a marking comparison can establish, and it is worth having — but it is not the same claim as the next one.
Equivalence of result
The wheel produces an acceptable part at an acceptable rate and cost under the real conditions of the job. This is the meaning that matters in production, and it is the one no document can settle.
Why the three get confused
The first two are visible and can be written down, so they tend to stand in for the third. A specification review can tell you whether a direction is reasonable. It cannot tell you that a wheel will perform, because performance is a property of the wheel inside a process, not of the wheel alone.


