PTO horsepower is the horsepower available at the PTO shaft.
Drawbar horsepower is a measure of how well the tractor can pull on a calibrated surface.
That being the case comparing drawbar horsepower between tractors would be important for use of draft implements and comparing PTO power would be for useful for PTO-driven implements.
Both should be looked at in comparison to the engine horsepower/fuel consumption for a specific tractor as not all tractors have the same efficiency of transmitting engine power to either the PTO (though most are close) - or to the ground.