There is no difference between the two versions. But it makes sense to use several installations, one like Theberbester said for the career, the other for singlemissions for example
You will get two Copys from SH3. LSH will not work until you enable it via JSGME. Otherwise you have only one basic version
Yes you do. You use JSGME to activate the mods. You can use different Mods for each of your copys.
You can start the versions via the SH3Commander, but you need a separate one for each.
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