The only differences between a license for Soundtoys 5 and Soundtoys 5 Academic are:
2. Soundtoys 5 Academic licenses cannot be sold / transferred to another user. In the iLok License Manager, Soundtoys 5 licenses can be "transferred" to other iLok accounts, but Soundtoys 5 Academic licenses cannot. You can, however, move Soundtoys 5 Academic between your different iLoks or computers, as long as you're using the same iLok account that you purchased the license to.