Mike,
There are lots of different brands of extruded aluminum track, some of which a track clamp will fit just fine, and others won't. Our T-slot bit for 7/16" bolt heads is a nice snug fit on a bolt head, since it is designed to carry bolt heads directly. The slightly wider groove of the track clamp bit would generally keep a 7/16" head from rotating, but if you're heavy-handed and you use one spot in the slot repeatedly, it could eventually wear. That's why we offer both.
Now, as to Super-C Carbide. There are far more carbide blends than most people know about. It's staggering and confusing. It gets even worse when we start dabbling in blends that are more typically used in industrial applications. Don't look for an explanation of what Super-C is...we made up the name. Nor will I tell you here or anywhere else what blend it actually is...don't want to share that with our competitors. What I can share is that the grain size and cobalt percentage makes Super-C particularly well-suited to cutting solid phenolic, MDF and Baltic Birch plywood in very demanding, high feed rate applications. We started using it in our huge CNC routers to process the router tables and drill press tables.
Which one should you buy? For my personal use, to make the occasional jig, I would likely go with the less expensive version of the T-slot bit. We figure most guys who are going to make a track clamp table are likely to be working in pretty tough material and cutting a lot of feet of grooves, so the track clamp bit is only available in Super-C.