GRUB2 is a complete rewrite of GRUB, and Super GRUB2 Disk is a complete rewrite as well. As Super GRUB2 Disk uses GRUB2, the differences between GRUB Legacy and GRUB2 also apply to the different versions of Super GRUB Disk.
Perhaps the most notable difference between Super GRUB Disk based on grub legacy and Super GRUB2 Disk is that Super GRUB2 Disk does not write to the disk at all, and so cannot rewrite the MBR. Super GRUB2 Disk can only be used to boot a broken system, it cannot fix it directly. Though once a system is booted, re-installing grub is usually just a matter of running “grub-install /dev/sda”.
While there are some features of Super GRUB Disk based on GRUB legacy that will never be included in Super GRUB2 Disk, the opposite is also true. For instance, Super GRUB2 Disk supports booting OSX, loop booting from iso files, booting an OS from USB without USB support in the BIOS, and other features that are not possible with GRUB legacy.