The multi-stage install allows you to begin installing, through use of the diskless services on one of NACS' subnets, subnet 34.
You can install a machine with the following steps:
When a machine is installed as stand34.acs, it will abort midway into the install (about mid-way into "each"), shortly before most domain and host-specific customizations begin. When you run run-after above, you repeat the steps up through that mid-way point (with nearly, if not exactly, the same results), but also execute the later steps this time, and with the target name.
Installing with this special name, prevents NACS-specific customizations from being loaded, ensuring the system won't be loaded with a mix of NACS-specific and target-domain-specific customizations. This also keeps srsh from being improperly initialized.
One difference between this multi-stage install, and the normal procedure, is that most mount points are not created automatically by the multi-stage install. You end up needing to mkdir them manually.
You can also install a machine as "offcamp.acs.uci.edu", which will be quite a lot like simply installing a machine off the distribution media. This is much like installing as "stand34.acs.uci.edu", but the install procedure exits even sooner, and you probably won't be able to run run-after without extra fiddling.
You may want to do a multi-stage install if:
http://www.nacs.uci.edu/support/dcs/automation/multistage.html