As stated by another poster Mesh is only needed to provide connectivity to an AP where no Ethernet cable is available for that AP. It is preferred to wire all APs for best performance.
Only dual-radio IAPs can participate in Mesh.
Feature-wise........the IAP is an advanced Enterprise product. It is, however, not as advanced as the controllers but the gap is getting smaller with every new release of IAP code. In my opinion, IAP features meet the needs of the majority of smaller customers (say 20 - 150 APs). The differences in features are too numerous to list; however, you can download the SW Users Guides for both AOS and IAP from the TAC support site under "Documentation". No login is needed.