What is ICO?
ICO is the Windows icon container, and still what a browser fetches when it asks a site for /favicon.ico. One file can hold several sizes at once so the system can pick the right one; each dimension is stored in a single byte, which caps an icon at 256 pixels.
What is TIFF?
TIFF is the archival and print format - lossless, high bit depth, and flexible enough to hold multiple pages in one file. Scanners, publishing workflows and document archives lean on it heavily. Browsers have never displayed it, which is why it is offered here as a target rather than a source.