Pimiento is a type of sweet pepper that is often used to make paprika. It has a mild and sweet flavor and is commonly used in Spanish cuisine, where it is used to flavor dishes such as pimento cheese, stuffed peppers, and tapas.

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.
Bell peppers are rich in nutrients, including vitamin C, vitamin A, and potassium. They are also low in calories, making them a great addition to any diet.
It's important to note that the spiciness of oleoresin Capsicum can have significant effects on individuals, and exposure to high concentrations should be approached with caution. When used in food products, the spiciness of oleoresin Capsicum should be carefully considered to ensure that the resulting dishes are enjoyable and within the desired heat level for consumers.