The different between servo drive and AC drive
First, regard to the precision and control mode, servo drive is better than AC drive. Servo drive can control position, angle etc, while the AC drive can't, even if it can, but can't reach the same accuracy.
Second, the servo drive requires higher performance for the electric motor than AC drive. Servo drive and servo motor are related together, or try best to buy from the same manufacturer, while ac drive has better choice, you can get it and the motor from different suppliers.
Third, the price, AC drive price is much cheaper than servo drive, at least 20% or higher.