A difference is that "Balance" checks things other than html
tags - like parentheses & bracket pairing in text and code files.
Another aspect of "Balance" can give you different behavior:
From Expert Preferences:
By default, the "Balance" command (or double-clicking on a
delimiter to balance) does not include the delimiters in the
resulting selection. If you would like for it to do so:
defaults write com.barebones.bbedit BalanceIncludesDelimiters
-bool YES
HTH
--
- Bruce
_bruce__van_allen__santa_cruz__ca_