What are benefits of Always On Failover Clustering vs Always On Availability Groups?

Basic Always On Failover Clustering provides server level protection, (Eg: 2 servers with 1 shared disk space; if server fails, it can utilize another server on the shared disk space).

Always On Availability Groups provides both disk storage DR with server-level HA Protection. It provides 2 servers with 2 shared space. (a) so what benefit functionally does Always On Failover Clustering have over Availability Groups? Seems Availability Groups is better, Looking at the chart comparison I see none

(b) Can AlwaysOn Availability Groups utilize with 1 server, 2 shared storage space? (instead of 2 server, 2 shared storage?)

We utilize SQL 2016 Enterprise. Thanks,

Reviewed documentation: Failover Clustering and Always On Availability Groups, SQL AlwaysOn