Yes, if you want more color variety than the Starter Set without paying for the full Mega Set, and you are fine confirming the exact effect paints before you buy rather than assuming. The Most Wanted Set sits in the middle of Army Painter's Warpaints Fanatic starter lineup, bigger than the entry level Starter Set, smaller than the full Mega Set, with its own mix of colors, metallics, and effects.
What is in the box
Twenty two pieces: fourteen acrylic colors, two skin tones, two Technical effect paints, two metallics, one wash, and one brush-on primer, plus a miniature to practice on and a painting guide. That breakdown is consistent across the current listing, but the specific names of the fourteen acrylics, the skin tones, and the two effect paints are not itemized consistently anywhere public enough to confirm here.
Effect colors: what is confirmed and what is not
The set includes two Technical effect paints, the same category covered in the Mega Set, where three confirmed effects are True Blood, Fresh Rust, and Oozing Vomit. Army Painter's current Warpaints Fanatic Effects range also includes Dark Rust, Verdigris, Oil Stains, and Dry Blood, so there is a real range of candidates the two in this box could be drawn from.
Which two specifically ship in the Most Wanted Set could not be independently confirmed for this guide, and guessing would be worse than saying so plainly. Check the box art or the current product listing before buying if the exact effect colors matter to your plan, for example if you specifically want a rust effect for a vehicle project or a blood effect for a combat scene. What is true regardless of which two you get: Fanatic effect paints are applied after your base colors as a final texture or glaze step, not as standalone basecoats, the same way True Blood, Fresh Rust, and Oozing Vomit work in the Mega Set.
Coverage gaps
Fourteen acrylic colors plus two skin tones is a workable mid-size palette but will not cover a large, varied army on its own. There is only one wash included, so if you want to shade multiple color families differently you will need to buy additional wash colors separately. The metallic count is also limited to two, which is thin if your project needs a range of different metal tones.
Who this suits
A painter who has already used a Starter Set or a different brand's beginner box and wants a meaningful step up in color count and effect paints without committing to the full Mega Set price point. It also suits anyone who specifically wants two effect paints included from the start but does not need the Mega Set's larger spread of three.
Who should skip it
If exact color names matter to your project planning, either confirm the current listing first or buy the Mega Set instead, since its effect paints are confirmed. Painters who only want the base color range without effects should look at the Starter Set.
A naming note worth knowing before you search
Do not confuse this Most Wanted Set with the separate Army Painter Most Wanted brush set, which is a brush bundle and has nothing to do with paint colors, or with the Speedpaint 2.0 Most Wanted Combo, which is built around Army Painter's contrast-style Speedpaint line rather than Warpaints Fanatic acrylics. All three share the Most Wanted name but are different products with different contents.
Buy it
Army Painter Warpaints Fanatic Most Wanted Set on Amazon(affiliate link)
FAQ
What effect paints come in the Most Wanted Set?
Two Technical effect paints ship in the box, but the exact two names were not independently confirmed for this guide. Check the current listing or box art before buying if the specific effect matters to your project.
Is the Most Wanted Set the same as the Most Wanted brush set?
No, they are different products that happen to share a name. This guide covers the paint set. The brush set is a separate bundle of brushes with no paint pots included.
How does Most Wanted compare to the Mega Set?
Most Wanted has twenty two pieces against the Mega Set's fifty, with fewer acrylic colors, metallics, and washes. It costs less but gives you a narrower palette to start with.
Does this set include a primer?
Yes, one brush-on primer pot is included, the same style used across the Warpaints Fanatic starter lineup, useful for spot priming or painting without an airbrush or spray can.