This pic is from
sailboatdata.com . I would guess that it's close reaching or close hauled in moderate wind. That's just a guess.
The clew height is a very common height for a cruising jib for this boat, because it's a good compromise between pointing and reaching. If the clew were significantly lower, it would point a little better, but the leech would twist open when you ease the sheet outboard for reaching.
As you ease the sheet for reaching, you probably need to push the genoa car forward, to keep the leech from being too open at the top. Too open means it's not producing as much power as it could. (too open = too small an angle of attack for max power, almost luffing). Remember to move the genoa car forward to close the leech while still keeping the upper tell tales flying, particularly in in light winds.