Well, if all you have is two bow cats, or one at the bow and one at the waist, the differences can be summarized as follows:What are the operational advantages of one bow and one waist cat, as opposed to two bow cats? Caveat: on a Liaoning size carrier
With both at the bow, you can conduct joint launches using both cats while simultaneously recovering aircraft. You cannot have two cats operational and recover aircraft at the same time when you have one of your two at the waist.
However, that said, with one at the bow and one at the waist, you can, as others have said, spot a several aircraft on the bow in the unused portion while launching from both bow and waist.
The US Navy has two cats at both positions and therefore maximizes the benefit of both conditions.