Are they the same equipment though?
And the packs that you buy, which mode does it affect?
Not really, the campaign has much more interesting and varied wargear that drops at random pretty much, usually with unique stats, name, and descriptions like a plasma gun named "Tiger Fury" that does extra damage to Chaos.
In Last Stand, each hero unlocks a specific peice of gear at each level, like "Plasma Gun."
They are the same in the sense they are both Plasma Guns, but they have totally different stats and stuff.
The Packs are for the SP campaign.