The mulching blades direct the cuttings upwards to be re-cut into smaller pieces. Mulching blades are designed to throw a lot less air with much flatter sails since the discharge is blocked. They often have a wavy edge profile which makes them a bit more challenging to sharpen.
Most of the time I run Gator G5 high lift mulching blades on my bigger mowers and mostly discharge. Mulching and bagging are both a pain if you're doing it on a large scale. The clippings with the G5 blades are pretty fine and there isn't much clumping when cutting wet. Personally I think that's the best way to go for the best balance of cut quality and clippings management. Discharging with high lift mulching blades. Mind you that's in my area with my grasses.
Changing blades isn't going to help with throwing grass into beds or onto hard surfaces though. I get grass into places it doesn't belong all the time and just hit it with my backpack blower. I throttle the mower down if I have to mow a narrow grassy strip with beds on both sides. I always start mowing by doing a couple laps around the borders of the lawn, patios and the driveway etc going clockwise. Just doing that makes a big difference. And I pay attention to which way I'm throwing on turns.
Between you and cruzenmike, I am getting a real education with plenty of good information, some of which I should have realized just from using mowers my whole life. Throttle down to lessen the discharge distance, real simple but it never occurred to me.
Back to the mulching blades, cruzenmike mentioned that with the mulching blades, just a small amount of grass would be discharged through an the open chute. Isn’t that a good thing? Now I’m really on the fence and unsure which way to go.
Amazon does sell the kit for the CC so I was able to read a bunch of reviews which I believe users gave it a 3.8 or so out of 5 stars. Several users had to drill holes and add Zip Ties to better secure the plug to prevent grass clippings fron blowing through the plug.
There was also a response that noted the mulching blades di not leavean even cut? If this is the case and the factory discharge blades produce a better cut, then my decision would be to forget about the mulching option.