APM formatted drives will boot both PPC and Intel Macs.
The newer GUID Partition Table (GPT) is part of the EFI standard, which on Windows systems is replacing the older BIOS. So, GPT is part of what you get with the association with Intel.
Anyway, a GPT formatted drive won't boot a PPC Mac, which requires APM.
You can't install OS X on an APT formatted drive attached to an Intel Mac, but it will boot that Intel Mac if it is already installed.... so, install OS X on an external drive from a PPC Mac, and you get a drive that can boot most any system (assuming an OS X version that's new enough to support that system)
Is GPT better than APT? Depends on how you define 'better', I suppose....
I would use the label "New! and Improved!"
You decide!