They appear to be the same in current content to me. Both have wiki pages, with the former more "in depth." It also has the most posts under it. However, to me, the latter is more explanatory of the action.
Then again, one could make it so that outstreched arms refers to arms being out without specifically referring to direction, while spread_arms referred to being specifically "T" or "airplane" shaped (see Rumia) and implicated the other...but that sounds like a terrible amount of checking and editing.
I dunno, it's late and my brain's coming to a halt. What say you?
Updated by NWF Renim