This name is a synonym of Pyracantha atalantioides (Hance) Stapf.
The record derives from RJP
(data supplied on 2011-10-18)
which reports it as a synonym (record 7207) with original publication details: ; 1920 260 1920.
This name record (from RJP) was not included in version 1 of The Plant List. It is possible the same name was included from a different data source, to check this you can search for Pyracantha discolor in version 1 of The Plant List.