A high pressure contact switch looks like breaker contacts, two surfaces that but against each other and are held in place by a mechanism that provides a high amount of pressure. Look for information on GE HPV.
Bolted contact switches look like standard knife switches with the movable contact being in two pieces that close on either side of the stationary contact. As the switch finishes closing the mechanism continues to move thereby tightening a set of bolts in the movable blade. This tightening process effectively bolts the movable contact to both the line and load side stationary contacts. Look for Pringle, Bolt-loc, and Boltswitch.
Based on the fact that only one major manufacturer makes a true high pressure switch, while several make bolted pressure ones, I don't think they are inherently better. However they have a lot in common with power circuit breakers, so I expect to see more of them offered in order to comply with the requirement for Energy Reduction Method on fusible switches.