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Spicy ketchup will obviously be sweeter and very mild in comparison to Sriracha, so as an ingredient, it’s good for big proportions (like for meatloaf). We wouldn’t use it for more authentic chili sauce needs (go with Sriracha there), but based on your recipe context, it can work.

Quick summary: Paprika is a spice made of dried and finely ground chili peppers and can be sweet or spicy. Chili powder is a blend of spices that include chili peppers, cumin, garlic, and other herbs and spices. Cayenne powder is made up of ground red cayenne peppers, and is primarily used to add heat to dishes.

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In addition to these two main types, there are also smoked paprika varieties, such as Spanish pimentón de la Vera, which are made from peppers that have been smoked over oak fires. This process gives the paprika a distinct smoky flavor that adds depth to dishes like barbecue, chili, and marinades.