To answer your first question, yes. Second question, yes.
The difference is, the cut. You get a better cut with a rip blade if you're ripping. Same with a cross cut blade for cross cutting. If you intend on doing both, best to get yourself a combo blade. I have a freud thin kerf combo and this blade just rocks!!
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Last edited by Hamlin; 03-26-2009 at 09:04 PM.
Reason: needed to correct info