Yes it does the same thing, although the tether client has more settings in particular for transcoding.
OK, got it. If I understand the other solution correctly, an advantage of the setting on the app is that (once I know the WiFi password) I don't need to be granted access to a computer on the foreign network in order to expose my remote home library. Or could the BubbleUPnP Tether Client also be run on my mobile?