That's seems to be the difference, the 100 is on/off only
On/off is just like it sounds the thermostat is either off or on depending on needs, heat pad is either off or 100%
Proportional thermostat will wary the voltage and heat of the heat pad or RHP so it can run from 0% to 100% depending on needs
Here is lots of info
https://www.reptilebasics.com/thermostat_faq
Features chart of the thermostats
https://www.reptilebasics.com/thermostats