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Hi Burke and welcome. The only thing different is the grip and handguard nonslip pads on the 161620. Cheers and stay safe! Seen better here: https://www.thearsenalgunshop.com/product/remington-700-sps-varmint-bolt-action-rifle-308-winchester-26-threaded-barrel-matte-finish-black-timney-impact700-trigger-synthetic-stock-4-rounds-right-hand-r84223

minor stock differences up both and compare the stocks you will be able to see the differences 161620 states the ergonomically designed black synthetic stock has a vented beavertail fore-end for enhanced grip

Hi Burke, 161620, or model number R84223, is the newer model with the over-molded grip panels, as seen here >>> https://www.remarms.com/rifles/bolt-action/model-700/model-700-sps-varmint The one you linked to, R84218, is no longer in production. Stay safe & have a great day!