Q: iPhoto vs "Photo's"
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Jul 26, 2015 2:11 PMby Kappy,HelpfulPhotos saves disk space by sharing images with your iPhoto or Aperture libraries - Apple Support
I would not delete your iPhoto Library just yet. If you have iPhoto then you can still use it:
Apr 14, 2015 2:21 PM
Go to the App Store and check out the Purchases List. If iPhoto is there then it will be v9.6.1
If it is there, then drag your existing iPhoto app (not the library, just the app) to the trash
Install the App from the App Store.
Sometimes iPhoto is not visible on the Purchases List. it may be hidden. See this article for details on how to unhide it.
http://support.apple.com/kb/HT4928
One question often asked: Will I lose my Photos if I reinstall?
iPhoto the application and the iPhoto Library are two different parts of the iPhoto programme. So, reinstalling the app should not affect the Library. BUT you should always have a back up before doing this kind of work. Always.
