Quoted:
I was thinking that the match target rifle has something to do with a matched barrel. What is matched barrel anyway?
Does the regular LE6920 doesn't have a matched barrel or both these AR-15 barrels are pretty much the same?
Typically a "match" barrel is something that would be used in a shooting "match" or competition. Basically, if something is "match grade" it is intended for competition. The Colt Match Target rifles do not necessarily reflect this (and they are one of the few exceptions). Colt makes a number of different configurations that include a Match Target instruction manual, but the barrels vary from milspec to a real match type configuration, which Colt calls the "accurized rifle."
When you see something about ammo, barrels, or complete rifles labeled as "match," it doesn't mean they are matched to anything (although you can assume that a quality "match" barrel has a headspaced, or matched, bolt). It means they are typically of higher quality and intended for competition.