Wether you have a SP or HW lcd programmer it will work with either software with HW seeming to have a more updated version.
The LCD programmer doesnt have finer adjustments but does have additional features.
HW software has a few additional firmware versions but i havent had a chance to try them to compare with SP versions.
The LCD programmer also keeps 3 different setups in memory instead of adjusting settings you can have these setups preprogrammed.