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This is dictated by the difference in rod length. Because spey rods are longer, it is easier to cast further distances. Switch rods are better suited for nymphing than spey rods because of their shorter length and lighter weight makes them easier to stack mend line or highstick line.
The rod on the top has a horn and is a bait-caster. Most rods are designed for either spinning reels or bait casting reels (called multiplier reels in the UK). You can tell the difference between the two rods by the handle and the largest eye (or line guide).