I never fully understood the difference between these two products, especially when both commonly had same/very similar aluminum interlocking sheath for the past 30 or so years. I understood the bond wire within AC allowed for using the sheath for EGC, but more recently they come up with MC AP (I believe that is Southwire product, others may have something similar) that has similar bond wire and no separate EGC, unless you get the "healthcare cable", but there supposedly is still something different between them and though they can both be used in many places, there are some places you can use one but not the other.