When they give two measurements, they are basically hoping you look at the bigger number and ignore the smaller number. Unfortunately, the lower number is technically the more accurate representation. Think of it as the smaller number being the actual resolution with the larger number being the "support" resolution to help improve the quality of the smaller resolution. Ignore the "enhanced" numbers.
The color numbers are somewhat the same. In a RGB TIFF file, you only have 24 bits of color that you can save. The scanners that offer 36 or 48 bit color actually scan at that color depth, then downsample to 24 bit. On the one hand you can say it's just throwing away excess color, but really it uses the larger color space and very complex downsampling algorithms to make the 24 bit color better than if you just scanned in 24bit.
Deciding which resolution of scanner to get depends in part on the final output you want. Do you want 5x7 photos? 8x10? Bigger? In books and magazines, the photos are usually about 300dpi. Line art drawings though require much higher resolutions with 1200dpi not uncommon. That's for book/magazine publishing. With a home inkjet printer, even a photo-quality inkjet, you can get away with as low as 150dpi for photos. And as ripthesystem mentioned, pictures for on-screen display are 72dpi.
Either of these scanners will do more than 300 dpi, so the question becomes what size is the source material you are scanning? Are you scanning something small that you want to blow up? If so, then how much? Are you trying to take a 3x5 photo and make a 11x17 print to hang on the wall? A 3x5 image scanned at 1200dpi will let you get a 12x20 print at 300dpi. That same 3x5 image scanned at 600dpi will give you a 6x10 print at 300dpi. Remember though, that even with the lower-end scanner you have some wiggle room since you aren't printing for Architectural Digest. I have often printed at 150 dpi which would give you up to the 12x20 size. With a good inkjet photo printer it takes a really good eye to tell that it's been printed at the lower resolution.
So given all that, and your need for this for home, get the cheaper one!