The spine. On a drop point the spine curves gently down to meet the edge, leaving a broad, strong tip. On a clip point a section of the spine looks cut away, or clipped, producing a finer, more piercing tip with less steel behind it. Drop point is stronger; clip point is more precise.
A drop point keeps steel behind the tip, gives generous belly for slicing, and puts the point in your line of sight. It is the default general-purpose profile for good reason.
A clip point removes steel from behind the tip, which makes it finer and better at starting cuts and piercing. The clipped section is often swedged, thinning it further.
If you pry, lever or drill with the tip, the drop point survives longer. If you do detail work, open packaging precisely, or field dress game, the clip point places its tip more finely.
Both slice well. Belly is comparable between them, so this is really a decision about the tip.
If it is your only knife, drop point. It gives up almost nothing and is harder to break. If you already own a drop point, a clip point is a genuinely different tool rather than a duplicate.
The Buck 110 is the archetypal clip point and is in our range.