I agree with Balsa on the comparison of free laps and cut laps.
Free laps on clears are the norm for experienced glassers using silane finish glass. However, unless you spend the time to avoid loose strands and an uneven lap on the deck without carefully fairing the glass in… you will see waviness once the board is sanded glossed and polished. Or, if the sander uses a palm sander or similar to ‘true’ a rumply lap, there will be thin and thick areas in that rumpled glass overlap, which means stronger & weaker spots.
A properly lammed cut lap doesn’t have that problem, but is initially more work requiring a tape off and proper timing for a good cut. As far as “gaps” at the nose and tail areas, one needs to experiment with a variety of cuts to find what works best for you. This can be done by making a proposed cut at the nose or tail then folding the cloth BEFORE you start glassing so you can see how the overlaps will work. And, you need to know which lap you will do FIRST once you are actually glassing.
On longboards with really curvy blunt noses, you may have to make more than one cut in order to ‘make it around the corner’ so to speak. This is no biggie with clears, but you start to appreciate pro glassers doing tints on boards like this. Also wings demand a certain cut to net a good looking properly reinforced board. Kokua could tell you plenty.
I spent a good portion of time training my glassers what I wanted on both surfboards and sailboards. The sailboards were entirely different animals. We primarily used S glass, but also used K Glass, M2 Carbon, Carbon Mat, Kevlar, E glass, and even some less known exotics like Spectra. Sailboards getting 40 feet of air had high demands on the decks and I developed a two stage laminating process for decks, which had up to 7 layers of glass on them, which we could offer because every board was $650 to $1,000, and that was '80 thru '89…
This is kind of off the subject of just cutting laps, but it does provide insight into how important good glassing is to the board in question. Doing things wrong in the glassing stage can make a board snap easier, flex weird, or fall apart much quicker than planned.
Poor glassing/sanding can affect performance.