a 5 wood would replace a 2 iron, a 7 wood the 3 or 4 iron, a 9 wood the 5 iron.

Here’s an approximation of how loft equates to the number:

Degrees
Description and Notes
of Loft
A 'Strong' 3. Slightly lower loft than a normal 3 - slightly
13 - 14
lower trajectory
15 - 16 Classic fairway 3 wood
16 - 17 Strong 4 - A slightly easier, shorter 3 wood
17 - 18 4 wood. Safer than a 3 wood, longer than a 5
18 - 19 Strong 5
Easy hitting long wood. Along with the driver, often carried
19 - 21
with a 3 wood
Strong 7. Shaft should be a little longer than a regular
23 - 24
seven. A good complement to 4 woods.
9 woods and beyond. High-lofted woods like these can be
used instead of mid irons – some find them easier to hit.
28 - 29
Also good out of rough because the edges are smoother
than an iron head so swipe through long grass more easily
11 Woods. See above. Lofts vary considerably between
manufacturers. These very high loft fairway woods are
29 -38
especially popular with lady golfers and seniors who don’t
generate quite as much clubhead speed.