You can play around with the rigging to find what you like for you and your horse.
If you put both the off and near side latigos in the most forward ring, you have the saddle rigged Full.
If you put both the off and near side latigos in the ring furthest back you have the saddle 3/4 rigged.
If you start in either the forward or rear ring and finish in the other, you have the saddle 7/8 rigged.
I like 3/4 rigging, and most pleasure riders use a full rigging, but like a 7/8 once they try it.
Here's a place with a good photo and description of all the greek I just wrote. Western Saddle Rigging