Greg,
Are you sure Table 34 / Case 8 of Edition 5, "Uniform circular ring under uniform radial pressure", is for out-of-plane buckling of the ring? I have always taken it as applying to in-plane buckling.
And now that you draw my attention to Case 19 of Table 35, "Thin tube under uniform lateral external pressure", for which my thanks, I believe that the two formulae are the same (mutatis mutandis).
As an aside to a fellow user of Table 34, there is an error in Case 4, "Uniform straight bar under end load P ... elastically supported by lateral pressure p proportional to deflection". The pi^2 in the denominator of the formula for P' should actually be pi^4. I passed this error on to the Australian office of the publisher (McGraw-Hill) in 1993, but am not sure whether the error has been corrected in any subsequent edition. Does anyone out there know?