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Both licenses are equal in all but two points. You can use the license on a commercial project without a problem.
Only the 500k-run limit is different.
Let me explain by an example:
You use the picture in an add that is published by a newspaper having a printed run of 100k per isue.
You want to use that add for 5 issues: use standard license.
You want to use that add for more than 5 issues: you need the extended license.
Also extended licenses (at least with what I get shown) can be used for prominent merchandiseing (let‘s say printing on the cover of a product). This is not as you pictured:
Yes i know. You help me a lot. Thank you!