I'd say normally:
1 A tin of biscuits, Implies that there is a container, which contains biscuits.
2 A biscuit tin, implies that there is a container, that is associated with biscuits.
For clarity:
2 A shoe box, is a box that contains shoes.
2 A metal box, is a box made of metal.
1 A box of metal, is a box that contains metal. (Although, in irregular speech such as poetry you may see the made of interpretation )