Any functional difference(s) between the 2 types?
To provide a little more detail on this, one of the goals of glass reinforcement is to provide increased strength and durability to the resin system. Under stress, the resin transfers the force to the fibers in the composite structure, and the glass fibers then support the majority of the load since the resin is softer and weaker. Since the resin is just holding everything together, we can think about how the chopped glass vs the weave behaves by pretending the resin doesn't exist. If you were to take a pile of 3" long glass fibers and pull on piece of that pile you might get a small wad of fibers that would break off the main pile just because they were tangled up enough in the piece you pinched. However, if you take a woven piece of cloth and pull a corner, you're likely to take the whole thing with you. The woven glass fibers are stronger as a system than the chopped glass, because the fibers are longer and transfer force between themselves more effectively.For this purpose not really
So functionally, if the resin system is the same a woven reinforcement will always be stronger than random oriented reinforcement. Think plywood vs. OSB.
However, one of the limitations of chopped glass mat is that it's not compatible with epoxy resin systems. Epoxy resins will almost always give you superior mechanical properties compared to any alternative system, especially with how precisely they can be tuned. That includes strength, durability, chemical resistance, impact resistance, and UV resistance, among others.
For these two splitters, the Motobuild is using the chopped fiber because it's cheaper and easier to work with. And as MCD noted, it's probably "good enough" for this purpose. It might be more susceptible to impact damage, but that depends on which resin each is using as well, so that can't be said with any sort of definitiveness.