except the bottom will be flat, (or more likely, have small indents that are below the tap outlet) and thus will not be able to get all of the yeast/trub out of the tap.
The main difference with a conical is that the outlet is the lowest point of the tank.
edit: beaten by Quintrex
The main difference with a conical is that the outlet is the lowest point of the tank.
edit: beaten by Quintrex