#1. You want the 448 core version since it will give you better performance. Roughly speaking about 10% - 15% more performance than a regular GTX 560 depending on the game.
#2. The VRAM is important depending on the resolution. Above 1920x1080 / 1920x1200, you want more than 1GB of RAM for all the textures. I believe the GTX 560 TI 448 only comes with 1.2GB of VRAM.