To my knowledge, they are the same thing, except for when use use one of the commands that creates points along horizontal alignments. In that case, "Automatic - Object" will put the Alignment name and station in the description.
You can't have alphanumeric point numbers in Civil 3D. You can specify Point Names, but every point must also have a Point Number, so it can be something of a pain trying to use Point Names instead of Point Numbers. However, the Point Names might work for you, depending on your exact needs.
(Edit - Oops, just re-read your post and saw that you're trying to autogenerate Point Names... Not sure about that, since we don't use them.)
-- Sinc
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Edited by: dei-feif on Apr 30, 2010 11:53 AM
Sinc