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The difference between Sharepoint List and Online List is that the online list connector can only be used to connect to Sharepoint Online, but Sharepoint List can be used in both Sharepoint Online and on-premise Sharepoint.
A SharePoint list is a collection of data that gives you and your co-workers a flexible way to organize information. The data is stored in a SharePoint Team Site in rows and columns. The column names and types define the type of list. Examples include text, currency, multiple-choice, dates, etc.
What’s the difference between a SharePoint list and a document library?
A list also can contain one or more attachments or files. On the other hand, SharePoint libraries are special types of lists that are created to store documents. Each file in a SharePoint document library is like one item.
How many rows can I put in SharePoint custom list?
Just like with document libraries, SharePoint Custom lists suffer from information overload (known by its official name as 5,000 item view limit issue ). You can have more than 5,000 rows in a SharePoint list, but to display the data, you would need to prep your list with proper column indexing and filtered views before you create or load the data.
Where modern SharePoint Custom list stands out – is its ability to integrate with other Office 365 tools, like Microsoft Flow and PowerApps. With those, you can convert your static SharePoint list into a business process workhorse or a cool mobile app.
Whenever you will create a document library SharePoint creates a folder with the same name as the document library at the root of the website. Then it creates another folder with name Forms. And SharePoint creates a set of site pages like below inside the Forms folder: DispForm.aspx