As I understand it, the two devices work in an opposing manner. The slip clutch allows the PTO shaft to continue turning (therenby not breaking the shaft or the tractor) when the implement strikes an immovable object and stops turning. The ratchet (or overrunning) clutch allows the PTO shaft to be driven by the implement, such as a spinning rotary cutter, when trying to stop a tractor which has a transmission gear driven pto. This prevents the implement from overpowering the tractor's brakes, thus pushing the tractor.