i used to use Acronis OS Selector 5
the big advantage to it was that you could use it to partition hard drives with fat or linux partitions and it could resize partitions as well
lilo and grub are bootloaders only
they load the appropriate files for the OS to launch
personally, i tend to stick to Lilo
I've only had problems with Lilo when the MBR gets messed up, whereas Grub sometimes throws up Error 28 "could not fit into upper memory" problems
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