I have the Panther up2date discs that Apple shipped. It will do any of the above install types, but ONLY if it sees Jaguar installed on a hard drive first. So a clean install of Panther for me would mean:
1. Install Jaguar off the Powerbook restore DVD
2. Boot to Panther CD 1, select Erase and Install, and install OS
3. Put in Jaguar Restore DVD for classic and other apps.
It is likely to be similar with the Tiger up2date kit, where it must see a Panther install somewhere, but will allow a clean install.