NOT a good substitution. Here's why.
Fans have two important specs: Max air flow, and max pressure. Both pertain to operating at max speed, but at different conditions.
Max air flow is ONLY at ZERO backpressure (air flow resistance due to things in the path, like fins of a cooler heatsink); at any actual backpressure the real flow is less.
Max pressure is the maximum backpressure that will allow almost no air flow. Beyond that much flow resistance the fan delivers effectively NO air flow.
If you draw a graph of air flow versus backpressure, the line between max Air Flow at Zero backpressure, and Zero Air Flow at max backpressure, is ROUGHLY a straight line. So try to sketch a graph with two lines, one for each of those fans. Both start at Zero backpressure with nearly identical max Air Flow: AK500 at 69 CFM, TL-C12C-S at 66. They reach the limit of ZERO Air Flow at very different backpressures: AK500 at 2.2mm water, TL-C12C-S at 1.5. So the Thermalright TL-C12C-S completely stops blowing air at 1.5 mm backpressure, and at that backpressure the AK500 can still deliver air flow of about 22 CFM. More importantly, at lower backpressures (yours is likely between 1.0 and 1.5 mm water) the AK500 can blow a LOT more air through the CPU heatsink fins - at 1.0 mm backpressure it's about twice as much.
In that application - blowing air through the small spaces between fins of a heatsink -the "pressure" fan design of the AK500 is far superior to the "air flow" design of the Thermalright TL-C12C-S.