Simply that it gives a longer side edge, more like a 5/8" - disadvantage is that it clogs easier. Its what I started bowl turning with.
My point is that you need two gouges for each activity. 2 bowl gouges and 2 spindle gouges - for efficiency's sake. A turner that I took lessons from uses only one spindle gouge and is constantly reshaping it and he goes through a gouge a year. I think he would get much better use for his money if he kept two gouges.