CAS latency (sometimes shortened to CL) is a measure of how fast the first byte of info gets in and out of a RAM module. There are CL2 and CL3 DIMMs. CL2 means that it takes two processor cycles to get the info in and out; CL3 take three cycles. Although the speed boost is imperceptible as it affects only the first byte. When memory is listed with hyphens (ex., 2-2-2; 3-2-2) the first number is CAS latency.
Also see the developers comments about DIMM types in various Macs at
http://www.mactcp.org.nz/dimmfirstaid.html If both sticks are installed in a Mac, one of them may be disabled, however, DIMM First Aid can usually fix the problem.
http://www.versiontracker.com/moreinfo.fcgi?id=10415
The PC100 in the part number indicates the speed (100MHz). These chips can only be used in the B&W G3 and the early G4s (PCI & AGP). PC133 RAM can also be used in these Macs, however, they will only run at 100MHz speed.
If you download the free MacTracker it will indicate what RAM is used in each model of Mac.
Cheers, Tom