Right. I'm guessing the obvious , I think, the bottom is good for a hole that has a bottom and the taper is easier to start on a hole but wouldn't work on a short hole with no outlet. In my case the whole goes straight through and it's a really short hole with enough room for only about 4 threads so either would work but like you said the bottom could be used on either. The taps are 15-17$ plus shipping so I might get it anyway as it must be a fairly common gun thread in case I need it later