Difference between /simulate and /generate


I have a project whose string lists are fully translated. I configured the simulation options to not change translated strings.

If I now generate the target file using "Simulate Translation",  is the generated file any different that the file I would get by using "Generate Target File".

I would guess that there is no difference, as all the translation are written to the target in both cases.

Thank you for your time.

Best regards,