Evidence accumulation models (EAMs) – the dominant modelling framework for speeded decision-making – have become an important tool for model application. Model application involves using specific model to estimate parameter values that relate to different components of the cognitive process, and how these values differ over experimental conditions and/or between groups of participants. In this context, researchers are often agnostic to the specific theoretical assumptions made by different EAM variants, and simply desire a model that will provide them with an accurate measurement of the parameters that they are interested in. However, recent research has suggested that the two most commonly applied EAMs – the diffusion model and the linear ballistic accumulator (LBA) – come to fundamentally different conclusions when applied to the same empirical data. The current study provides an in-depth assessment of the measurement properties of the two models, as well as the mapping between, using two large scale simulation studies and a reanalysis of Evans (2020a). Importantly, the findings indicate that there is a major identifiability issue within the standard LBA, where differences in decision threshold between conditions are practically unidentifiable, which appears to be caused by a tradeoff between the threshold parameter and the overall drift rate across the different accumulators. While this issue can be remedied by placing some constraint on the overall drift rate across the different accumulators – such as constraining the average drift rate or the drift rate of one accumulator to have the same value in each condition – these constraints can qualitatively change the conclusions of the LBA regarding other constructs, such as non-decision time. Furthermore, all LBA variants considered in the current study still provide qualitatively different conclusions to the diffusion model. Importantly, the current findings suggest that researchers should not use the unconstrained version of the LBA for model application, and bring into question the conclusions of previous studies using the unconstrained LBA.