Out & Back usually means a day trip...show up in the am and home later that night. These are great for senior guys who live in domicile, but if you are a commuter you are paying for a place to live and maybe an airport car. The 3-4 day trips are good for commuters cuz you have a place to sleep on the companies dime.
Redeye, Continous Overnight Duty, and Stand-up means an out and back that occurs on the back-side of the clock. Sometimes you get a hotel room for a few hours (3-6), sometimes you just work all night. Some folks like them, because if you live in domicile, you can be home during the day with the kids while the wife works or you can work your real-estate business or whatever. They are also good for commuters, cuz you finish work in the am, catch a flight home, but your days off actually start the NEXT day...free day off (you might be sleepy though). Plus when you return to work you don't have to show till late. These usually go real junior (especially with no hotel). If you want to work stand-ups, come to Mesa.