Dark Rye is normally a 100% wholemeal Rye flour, ie: with
nothing taken out, so if you want the maximum health and
nutritional benefits from your bread then this is the best
choice.
Light Rye is a rye flour which has had some of the wheatgerm
removed. It makes a lighter coloured, less dense loaf, and can be
used in combination with Dark Rye to tailor a loaf to your tastes.
A light Rye flour does not have to be bleached and some of the
wheatgerm is left in, so it's not nearly as devoid of nutritional
value as a standard bleached white flour would be.