type O vs blood type

type O and blood type both are nouns.

Word	Noun	Adjective	Verb	Adverb
type O	Yes	No	No	No
blood type	Yes	No	No	No

As nouns, blood type is a hypernym of type O; that is, blood type is a word with a broader meaning than type O:

type O: the blood group whose red cells carry neither the A nor B antigens
blood type: human blood cells (usually just the red blood cells) that have the same antigens

Other hypernyms of type O include blood group.

type O (noun)	blood type (noun)
the blood group whose red cells carry neither the A nor B antigens	human blood cells (usually just the red blood cells) that have the same antigens