Still looks like a barrel saddle to me. I would think cutters would want the more serious full roping style rigging like BSMS posted. It just all around looks too lightly made for a cutter to me. But hey........I don't cut and I don't barrel race either.
The main drawback of in-skirt rigging (as told to me by a saddle maker) is that if the rigging ever goes out you have to replace the entire skirts, on both sides. Both sides because if the leather is bad enough to rip out, you can't even trust the "good" side anymore. He basically told me he wouldn't repair them unless the owner agreed to replace both sides of both skirts, which is expensive.
I've pretty much avoided in-skirt rigging ever since that conversation. Now I have tried a few saddles that were in-skirt rigged, but they really didn't work out for me anyway (fit-wise). I would suspect the quality of the saddle has a lot to do with how well the in-skirt rigging holds up. Better saddle=better leather=a saddle more likely to hold up under normal use.
What is a nice alternative is drop plate rigging. It sort of looks like in-skirt at first glance, but the rigging is actually attached to the tree so if you ever have to repair it, it's just the rigging you have to replace, not the saddle skirts. They do this a lot now with ranch style roping saddles.
I am not sure if in-skirt rigging would really restrict the shoulders more. I can see why it would appear to (and maybe it does) but any kind of rigging attached to the tree is going to hold the skirts down snug too. So I don't know if that's a valid reason to avoid it. But think potential repair costs "might" be a reason to avoid it. But who knows, if you have a good saddle, barring a real wreck, you would probably never have a problem. On a cheap saddle, I would really avoid the in-skirt rigging at all costs, personally.