You can compare the features on CW store/product pages. I remember having seen a feature comparison chart years ago, but I don't remember where.
There is, of course a huge difference between, say, MC and X2 Producer. Obviously, the biggest difference are the included soft synths and effects. There's no difference in the actual recording process or in using soft synths and FX. IIRC MC has limited simultaneous track count for recording (2??).
I've heard about national laws (Germany in particular) about transferring the licences, but I've never heard anyone being actually able to do it.
By "level" I meant are you a professional, hobbyist, serious amateur, beginner, are you an instrumentalist, do you record live drums (needing half a dozen simultaneous tracks recorded etc.)
It's very difficult, if not impossible to say what CW product, if any, would be best for you, nor would it be practical to start listing the contents of each version here, as you can do it yourself.
If your main activity is recording real instruments, Producer might be overkill, then again, it has the best
mastering plugins of the set, in case you don't already own your favourite ones as VST or hardware.