The Taxonomy Token module is similar to the Category Tokens module. Here is an attempt to outline it's differences.

Vocabulary identification method

Taxonomy Token uses the vocabulary id (number) to identify the vocabulary in the token name. For example [node:vocab:1:term] is the top term name in vocabulary with id 1. This method guarantees that token names remain constant even in case some vocabulary name is edited.

Category Tokens used a simplified version of the vocabulary name. For example [first-term-name-in-office-position-or-title] would result in the same info as above if the vocabulary with id 1 is named "Office, position or title". This method provides more readable token names.

Available tokens

Taxonomy Token offer a few tokens not available in Category Tokens, namely the tokens that provide all parents of each token:

[node:vocab:TID:termpath]
As [node:vocab:TID:term] above but including its supercategories separated by /.
[node:vocab:TID:termpath:url]
As [node:vocab:TID:term:url] above but including its supercategories separated by /.
[node:vocab:TID:termpath-raw]
As [node:vocab:TID:term-raw] above but including its supercategories separated by /. WARNING - raw user input.

Configuration options X performance impact

Taxonomy Tokens allows the user to set one of the following token type options per taxonomy:

  1. no tokens generated;
  2. only single term tokens generated;
  3. single and complete (full path) token generated.

With these options the performance impact of the module can be reduced to the minimum necessary to achieve the desired results by enabling token generation only for the pertinent taxonomies.

Category Tokens has no similar configuration options.