The command via the ribbon is called Create Template from Current View.
The right-click context menu offers this version of the command instead (Create View Template From View).
It's subtle because the right-click version is based on the fact that we've selected a view and used right-click. The context doesn't demand using the language Current View because it's based on the view we selected in the first place. The ribbon version leaves out the word View because it is listed as part of the View Templates button already. It also declares that it will create the template based on the Current View since it is possible to have accidentally changed which view has focus prior to using the command; for example if views are tiled or cascading in the drawing window.
My initial reaction was that they were inconsistent and wrong to use a different description for a command that will produce the same result. After mulling it over I think it is a reasonable subtlety since their use is different and the phrasing is intended to help us know what to expect in each situation.