Assuming IEEE-754 floating-point, they are equivalent.
It is a basic theorem of FP arithmetic that for finite x and y, x - y == 0 if and only if x == y, assuming gradual underflow.
If subnormal results are flushed to zero (instead of gradual underflow), this theorem holds only if the result x - y is normal. Because 1.0 is well scaled, y - 1.0
is never subnormal, and so y - 1.0
is zero if and only if y is exactly 1.0, regardless of how underflow are handled.
C++ doesn't guarantee IEEE-754, of course, but the theorem is true for most "reasonable" floating-point systems.