The difference between the LLC500A3 and the LLC500D3 is; the D3 version contains a lot more electronics; voltage regulator, reverse polarity protection, amplifier etc. This means when you apply a supply voltage of anywhere between 5 and 12V, the output will either be zero or equal to the supply voltage.
The A3 range is much lower cost because it contains inly the opto components. It has no protection components and you have to add external resisitors and a circuit that takes analogue voltage from the sensor and decides whether that means the sensor is in air or liquid.