Full Conversion vs Custom Stories?

[GoreGrinder99]

I have a few uneducated questions to ask... What are the differences from a Custom Story and a Full Conversion? All I'm aware of in a Full Conversion is that you have the ability to alter pretty much anything you desire, such as texts, lantern model, but really, that is all I pretty much got out of it.

I know that you can import custom models in a Full Conversion but I have seen others add custom imports to Custom Stories, including skyboxes, textures and other things.

I'm currently working on a "Full Conversion?" as of now but that might change due to the differences between the two mods. I have chose a Full Conversion due to needing a flashlight and wanting to change texts for my story and import custom files.

Could I get a pros/cons and/or differences list? What can you do in a Full Conversion that you can't do in a Custom Story and vise-versus?