Ok I composited the two Lando pics to be about the same size. I also lightened up the smuggler pic so you can see things more clearly. The sleeves are not really grey on the smuggler Lando, but I had to keep close to the original contrast of color so you can see the folds. If I didn't then the lightening of the pic would have blown out the color and you wouldn't be able to tell.
Anyway in the pic you can clearly see that it's the complete Lando VOTC body. Arms, torso, waist (including the belt, which has now been painted to match the pants), legs, and feet.
So indeed it is only the collar and the head that are different to this sculpt (oh and the vest). Of course the paint job on the rest of the Lando now reflects the smuggler outfit better.
Not excited about this fig, but it has it's merits over my custom in the articulation, so I'll prolly get it.