Quote - So my question is: is this draped in Poser or MD2?

this is a MD2 screenshot, in Poser you get less folds on a static pose like this and the cloth engine is less powerful so you have to make some changes to the cloth.

on MD2 the belt part is a tight elastic band and can hold the weight of the dress but on Poser i have to make the belt constrained otherwise she will be dragged down to the hip.