Cheap verniers are 'absolute modulo 10mm' as the T-shaped bar pattern repeats itself. They produce 'absolute' measurements by reading fast enough to keep track of how many whole bars they've moved.
Fancier verniers instead have two tracks in parallel, with slightly different pitches. Checking the offset between the two patterns at the current location gives an absolute measurement. This of course requires them to be factory calibrated etc.
They might also have slightly better electronics (some of these cheap verniers need a new battery every 3 months or so) or other differences.