Differences between SSH Tunnel and SSH Proxy
The differences between SSH Tunnel and SSH Proxy are:
SSH Proxy only create single Dynamic Port Forwarding (aka. SOCKS 5 proxy). And support a handy feature -- whitelisting/blacklisting.
On the other hand, SSH Tunnel is able to create and manage multiple port forwarding tunnels, includes Dynamic Port Forwarding. But lacks whitelisting/blacklisting feature.
In a word, SSH Proxy is suitable for browsing the internet (or access you home/workplace network), SSH Tunnel is suitable for managing your remote servers.