This name is a synonym of Paphiopedilum argus (Rchb.f.) Stein.
The record derives from WCSP
(data supplied on 2012-03-23)
which reports it as a synonym (record 54250) with original publication details: Lindenia 3: 69 1887.
This name was in version 1 of The Plant List, record kew-54250, and has not been changed.