The point is a unit of length in the field of typography and uses the symbol pt.
It is the smallest unit in the world of typography. There are 12 points in a pica.
In physical printing methods / press systems, the point size is the height of the metal press body on which the font's letters are made. When applied to the digital type space, letters are designed around a theoretical size, an em square which is scaled to the relative point size (when specified of course!).
The caliber is a unit of length based on the inch (imperial units) and uses the symbol cl.
It represents the internal diameter of a gun barrel and therefore more often than not, the size of the ammunition or round that gun requires to fire.
It is not always represented or converted exactly in inches so a table or "well-known" conversions are often used to depict measurements / ammo types instead.