I don't have a lot of experience of using either one, but own both and have playes around a bit with each. I would say there is not much of a difference between the two.
The jerx put up a comparison some time ago which you can read here:
https://www.thejerx.com/blog/2022/9/1/ties-vs-loops
Their conclusion was that TIES hold a higher weight but that both products stretch to the same length.