here is the basic on these two...............
in the begining, Ed Brazina/full spec, designed the m16 for R&D. when r&d decided to make the parts themselves, Full spec/Boysene built their own version. The performance differance is very slight. with FS/Boy slightly ahead because of Boysene's vast knowlage on reed pedal development.
the big differance is quailty. The FS/Boysene version is heads up better. from castings & o-rings. to overall fit & finish. The m16 still uses gaskets, & the R&D casting quality leaves some to desire. price is very close between the two.
overall, if purchasing new, Full Spec !!! . If purchasing used, you can't go wrong with either one.
hope that helps