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Although they have similar applications, spackle and joint compound are not the same. Their primary differences lie in their composition, consistency, and ideal use cases.

Spackle is composed of gypsum and binding agents, making it thicker than joint compound. It dries quickly and is easy to sand, which makes it ideal for small wall repair projects like filling nail holes or patching minor damage.

Joint compound, also known as drywall mud, consists of limestone and gypsum. It is primarily used for large-scale projects, such as taping and finishing the seams on newly installed drywall. It tends to shrink more than spackle and can be more difficult to spread.

While both products can be used to fill small depressions and cracks, spackle cannot replace joint compound for taping and mudding new drywall. Conversely, you can often use joint compound for small patching jobs typically done with spackle.

For maximum stability, install grab bars on wall studs, as this will adequately support the weight. However, if you don't have access to studs, you can get by with wall anchors. If opting for the latter, choose specialty hollow wall anchors. 

The two most common drywall thicknesses for ceilings are 1/2-inch and 5/8-inch. For most standard residential applications, 1/2-inch drywall is sufficient and widely used. It provides adequate support and is lighter and easier to handle during installation compared to thicker sheets. However, 5/8-inch drywall is often used for specific cases where additional benefits are needed. It is heavier but provides superior sound dampening and fire resistance. You should consider using 5/8-inch drywall for ceilings in commercial buildings, between a garage and a living space, or above a finished basement to meet building codes or for enhanced soundproofing.

You should wait at least 24 hours for drywall mud to dry before sanding or applying another coat. However, the exact drying time depends on several factors, including the thickness of the application, room temperature, humidity, and the type of compound used. Thicker layers, or projects in high humidity, may require 48 hours or more. Lightweight compounds tend to dry faster than heavier, all-purpose ones. You'll know the mud is ready when it feels completely dry and firm to the touch and has changed to a consistent light color. Sanding too early can cause smudging or gouges, so patience is essential for a smooth finish.