Neither. Because they are not aiming for:
> a free bug-for-bug compatible version
FreeDOS is significantly different from "real" MS-DOS.
Back in the 20th century I used DR-DOS, written by Digital Research, the company behind the original OS of which DOS was an unauthorised re-implementation.
(DR CP/M-86 was years late, so SCP wrote 86-DOS as a replacement. MS licensed 86-DOS and later bought it. It's not a clone: CP/M was in a compiled high-level language, while 86-DOS was implemented in assembly language, implementing a version of the same API on a different CPU ISA, using a different filesystem drawn from a separate pre-existing product.)
Until MS discontinued MS-DOS and IBM kept on developing it for a few more versions, IBM PC DOS and MS-DOS were near identical.
DR-DOS was a little different from MS-DOS. It had extra commands, used different syntax in the config files, very slightly different output and things -- but then, it was from the original vendor, so that was excusable, and mostly, it understood MS syntax as well.
FreeDOS is not like that. It's quite unlike any other version of DOS. It has differently-named config files, it lives in a differently-named folder with an internal structure, and it has a number of external commands with different names and different syntax. For example, one that threw me is that there is no `SUBST` command, but a different `SWSUBST` which combines the functionality of SUBST and JOIN.
In 21st century DOS terms, at best, FreeDOS is as different from MS/PC/DR DOS as Red Hat is from Debian. In fact it may be more like it to say FreeDOS vs OG DOS is akin to FreeBSD vs Linux.