Tallow is not a close replacement for lard, so I'd not just sub one for the other.
Typically I also reduce the coconut oil when I use tallow in place of lard. Tallow contains some of the same fatty acids that coconut oil has, and lard does not. If you don't also reduce the coconut, the soap might be more drying to the skin. Not saying it
will be more drying, just that it
could be.
To change a lard-based recipe into a tallow-based version, here's what I would do --
Look at the fatty acid profile of this version -- write the numbers down.
Replace the lard with tallow to create a new recipe.
Compare the new fatty acid profile of the tallow recipe with the fatty acid profile of the lard recipe.
Reduce the amount of coconut oil in the tallow recipe until the fatty acid profile is similar to the lard based recipe.
You won't get it exact, and that's okay -- just shoot for close enough.
I encourage you to try this. Now's a good time to learn how to alter or create recipes if you don't have this skill already. We will be happy to double check your changes if you want our feedback.
Just a reminder to all --
Whenever you change the weights or kinds of fats in a recipe,
always run the changed recipe through a
soap recipe calculator to ensure the amount of lye (NaOH or KOH) is correct for that recipe.