Answer:
The difference between (a) and (b) is the deviation caused by the actual pulley not being a perfect solid disk. In (a), we took into account the additional frictional torque and calculated the more accurate moment of inertia. In (b), we made a rough estimate assuming the pulley to be a solid disk, which disregards factors such as the mass distribution and the presence of the axle. The difference between the two values is the deviation caused by these factors.