Bolt tensioning is performed by hydraulically stretching a stud to a calculated pre-load value and then hand-tightening a nut.
Bolt torquing is done by using a wrench to turn a nut against a combined resistance created by friction and material elongation. The torque causes the bolt to stretch and creates the required pre-load on the stud.
The main difference is how torquing and tensioning are performed to achieve the desired pre-load. Torquing requires a specific rotational force (torque) to achieve a calculated pre-load, whereas tensioning creates a direct pre-load via hydraulic load cells.