I don’t know, i didn’t find so many differences. Maybe there are more plugins available in hexchat?
I used to use hexchat back on my old computer because it had a good notifications system and worked greatly under windows xp too (or was it q4os themed as windows xp? THings get confused over time ahahah)
From what I can recall, hexchat seemed like the logical successor to xchat as far as features go. The advantage of hexchat is it is still being actively maintained, or at least its list of changes appeared to be more recent. I think I looked at Debian as well, to see what they included in their out-of-the-box applications.
Personally I use text-based IRC e.g. weechat, irssi, etc.
Well the main thing is, the copyright on 99% of the individual specs is 2011 or after.
I only found a 2010 one and a 2004 one that were before 2011, but there may be others.
Also, I searched (with the guthib search function) for any code sending "CAP" to the server, after making sure that the code for sending "NICK" appears in the results.