What's the difference between creating a Compound Clip vs. a New Storyline?

If I select two appended clips in FCP X, and right-click, I can choose "New Compound Clip", or I can choose "Create Storyline".
How are these two functions different, and in which instance would one be better than another?

They're two quite different things. A compound clip is a closed container. You have to open it in the timeline to add media to it. A storyline is a a container that behaves pretty much like the primary storyline. It's magnetic, you can append to it, insert to it, overwrite to it, add gap clips, move clips around, add transitions, do all these editing functions in the same timeline as the primary storyline.

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