Clear a TList or a TObjectList

I'm a bit puzzled of what to use for storing objects in a list. Until now I have used TList and freed each item in a loop. Then I discovered TObjectList that do this automatically from Free. Then I saw this from the doc of TList.Clear:

Call Clear to empty the Items array and set the Count to 0. Clear also frees the memory used to store the Items array and sets the Capacity to 0.

So it is basically the same. So

for TList

mylist.Clear;
myList.Free;

is the same as for TObjectList?

myList.Free;

Can TObjectList only be used for items as classes or can I store records?