Take these as general answers, the people who build the images would have to answer detailed questions, about exactly what is included in each type of image.
The standard image has everything in it to drive a local display screen via the HDMI or LCD connections, and multiple application and language support.
It fills most of a 4 GB memory space.
The IoT image is intended for applications that do not drive a local display screen, but include all other applications and language support of the standard image.
It expects to interact with the outside world via Ethernet, or Ethernet over USB or WiFi.
The IoT image is about half the size of the standard image.
The console image is a minimum implementation, but with SSH and local console command-line support.
It is about one fourth the size of the standard image.
If you are doing a focused application, and are comfortable using the command-line you can easily add almost any required application or language support using apt-get.
This will get you a much smaller focused application.
I would expect that the console image of the same release date as a full image release would be considered a stable or "release" version of the console image.
--- Graham
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