Difference between `sales_order_place_after` and `sales_order_save_after`?

sales_order_place_after

1. This event is dispatched after the order payment is placed.
2. This event function from Mage_Sales_Model_Order::place() in Magento 1 & \Magento\Sales\Model\Order::place() in Magento 2

sales_order_save_after

1. This event is called every time the order is saved. For eg. Order status changed, invoiced, shipped & credit memo.

2. This event extending the abstract model Mage_Core_Model_Abstract

   For eg. the Mage_Sales_Model_Order class event prefix is sales_order, so the actual after loading event’s name will be sales_order_load_after.

1. sales_order_place_after:

This event is dispatched from the

class Mage_Sales_Model_Order extends Mage_Sales_Model_Abstract
{
...
public function place()
{
    Mage::dispatchEvent('sales_order_place_before', array('order'=>$this));
    $this->_placePayment();
    Mage::dispatchEvent('sales_order_place_after', array('order'=>$this));
    return $this;
}

This event is dispatched only after clicking place order from frontend.

2. sales_order_save_after:

This event is triggered on saving order, either from backend or frontend. Everytime some edit is made in order and saved, this event is dispatched. This event is dispatched while placing order from frontend as well.