1. Slackware switched to mostly i586 packages in 14.2. It just means it was built using a different compiler flag, which can lead to some optimizations. However, both i486 and i586 will work fine on pretty much any system.
2. If you built both of them on 14.1, they should be able to be installed. However, if it is replacing a stock package, you could end up with some mismatched libraries. Also, SlackBuilds on SBo are only checked with the other SlackBuilds for the version of Slackware they were submitted for. This could potentially mean that if the versions vary, other SlackBuilds may not support the newer version (although, in this case, since both are 0.8, you shouldn't see any issues with it).
I also agree with many other suggestions that it might be worth upgrading to 14.2. 14.1 will be 4 years old in November and a lot of libraries in it are quite old (for example, you can't build the latest Firefox on 14.1 because its gcc is too old).
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