H110 was around before WW 296. It was the powder developed for the M1 Carbine cartridge - which actually specs out to nothing more than a 30 caliber magnum revolver cartridge sans the rimmed case. It has virtually the same case length, loading density, pressures and sectional density as the other revolver magnum cartridges.
If they are the same powder, I'd like to know the actual source testifying to the fact. Researching the loading literature, one will see different load recommendations by weight...though they may be similar.
Previous poster stated they are very similar in burning rates and applications, which the loading manuals will bear out. Both have similar precautions of use...namely not to unload them. They are made for heavy, magnum class pressures and perform well as such. I use H110 frequently, haven't used WW296. I can say that H110 is very stable, and doesn't get very erratic when pushing upper end loads in the magnum range. It is also accuracy stable.
I haven't used WW 296 simply because I found what I needed with the other powders I use.