The brand new box is, well, brand new. The converted box could have many new parts in it, or might not.
I’m not sure if there is only one way to accomplish it, or multiples. My guess is multiples including reusing some of the old parts.
The Delphi box is a bolt on. The conversion box is not.
Either one requires the use of a new lower steering shaft, so that’s a wash.
The conversion box will probably require some minimal modification of the lower edge of the driver side wheel well.
Either one could require a little modification of the radiator core support for clearance, but the conversion box might require more.
If you have a late 72 model or later, this may not be a big issue.
The conversion box is best mounted slightly forward which entails notching a body mount on the frame. This isn’t always required and some installations don’t use that, but it’s an option.
The conversion box is also slightly taller so depending on how you mount it it can require realigning of the steering linkage, or more intrusion into the engine compartment.
Either one requires new hoses.
Pitman Arm fitment is the same for both.
Probably other differences as well, but basically the 4X4X2 box is physically larger. Which is what dictates many of the above modifications.