Glyph binning looks for any chunks in the image that are similar to eachother, regardless of what they are. Letters, eyeballs, pennies, triangles, etc without caring what it is. OCR looks specifically to try and identify characters (i.e. it starts with a knowledge of an alphabet, then looks for things in the image that look like those.

If the image is actually text, both of them can end up finding things. Binning will identify "these things look almost the same", while OCR will identify "these look like the letter M"