So in this image the one on the right is IN and is the one on the left ON or OUT?
Can both of them produce the same type of shot, fade draw etc?
Sure, What if the guy on the left rotates the clubface really fast, so this means he can have an open clubfact at impact, and end up in the picture above, he would hit a fade. The guy above could have a slower rotation, but hit a draw.
Look at one static point, doesn't mean anything, its how the club got there that matters, and what the clubface is doing at impact.