The current free content is an LE (fewer morphs) version of V3 Reduced Resolution. To use standard Poser content choose a folder (such as the Content folder in the D|S application folder) and install to that, so that you have a Runtime folder in the chosen folder after installation. In D|S go to Edit>Preferences, select the Directories tab, pick Poser Content Directories from the drop-down list/button at the top of the dialogue and then hit the Add button and select the chosen folder (eg Content). Your chosen folder should then appear as an option in the top half of the Content palette, and you can load items from the lower half of the palette.