There is a big difference between the two and using the wrong tool can have a drastic effect (not only aesthetically but health- wise) on your bonsai.
The Concave Branch cutter (Mataeda Hasami) - is used to remove a whole branch at the trunk. The concave cut left behind fills over itself in time leaving little or no scar.(Conclave Cutters come in different sizes)
The Knob cutter (Kobu Kiri Hasami) - leaves an almost spherical cut on the branch thereby allowing it to heal flush with the surface.
Here is a video that shows the difference between the Knob cutter and and Conclave.