The reduced resolution doesn't have all of the head or body morphs.  It has 350 morphs built in, but what is missing I don't know.  The bad thing about only getting a portion of the morphs is that when you try to use a character addon and it calls for a morph you don't have, the package won't work.  So you end up spending more money on the full morph packages anyway so that you get the full benefit of having all of the morphs.

Personally it looks like a better deal to get the FREE V3 SAE base:
http://www.daz3d.com/shop.php?op=itemdetails&item=1098

Then buy the complete V3 Head/Body morphs:
http://www.daz3d.com/shop.php?op=itemdetails&item=3008

An even better deal is to download both the FREE V3 and M3 bases:
http://www.daz3d.com/shop.php?op=itemdetails&item=1558
http://www.daz3d.com/shop.php?op=itemdetails&item=1098

Then buy the combination head/body morph package for both of them:
http://www.daz3d.com/shop.php?op=itemdetails&item=3010

If you have a Platinum Clum Membership, you get 30% off of those prices.

You don't get any textures with those, however there are so many free character addons out there for V3 (not as many for M3), that you can acquire a large library of textures to use and the good thing is that eyes, lips, nails are pretty much mix and match, meaning you can use a body and head texture from one package, then use eyes from another, lips from another, and nails from yet a different one.

In addition to the free textures, there are also a huge number of addon texture packages in the various stores for both V3 and M3, and many are pretty reasonably priced at $6 or $7, or even less sometimes.

"It is good to see ourselves as others see us. Try as we may, we are never
able to know ourselves fully as we are, especially the evil side of us.
This we can do only if we are not angry with our critics but will take in good
heart whatever they might have to say." - Ghandi