over ride or under ride, the name says it all;
override, the bars run over the top of the rear axle and leaf springs, essentially creating a 4 link rear suspension.
underride bars run under the axle and leaf spring, operating more as a traction bar only in preventing wheel hop, and spring wind up.
for drag racing and the street, the underride bars are best, as they are easy to install.
for any other form of racing the override bars are best as they eliminate chassis lift, as well as reducing spring wrap. they are also more effective under braking than the override bars. the problem though is that they are more difficult to install, as oyu have to cut open the body to run them through, and they dont fit under the rear seat, so you have to replace it with the panel that shelby used in the gt-350's.