Though the complete difference is more complicated, the only difference that concerns me is when the machine creates the function object. Which in the case of declarations is before any statement is executed but after a statement body is invoked (be that the global code body or a sub-function's), and in the case of expressions is when the statement it is in gets executed. Other than that for all intents and purposes browsers treat them the same.
To help you understand, take a look at this performance test which busted an assumption I had made of internally declared functions not needing to be re-created by the machine when the outer function is invoked. Kind of a shame too as I liked writing code that way.
