The Allow the use of additional optional connected experiences in Office" policy setting is also available for Office LTSC 2021. But that's not considered a change because that policy setting is already available for volume licensed versions of Office 2019.
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You can use the same software distribution tools, such as Microsoft Configuration Manager, to deploy and update Office LTSC 2021 that you currently use to deploy and update volume licensed versions of Office 2019.
Microsoft 365 is a subscription that includes premium versions of Office apps across all your devices, monthly feature updates, and 1 TB of cloud storage. Office 2019 is a one-time purchase that includes classic versions of Office apps installed on one PC or Mac (or 5+ with a volume license). 2ff7e9595c
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