Here's another video of various people from a number of years ago. Ignore the wood shoot starting at 2 minutes or so---we don't do that anymore because we don't have time.
https://youtu.be/W6LiejI6Ays?t=25s (http://youtu.be/W6LiejI6Ays?t=25s)
The Man-vs-Man is a ton of fun. And if you have friends who are convinced they are great shooters, bring 'em! There is no movement and, no reloading on the clock in this match---you just stand there, draw, and mow 'em down before your opponent knocks his (or hers) down, so you don't need anything other than straight shooting ability.
It's a blast. Seriously, it is a ton of fun.
Each matchup in the bracket is best-two-out-of-three, and like Sean said, the pistol is double-elimination. (You don't HAVE to shoot the shotgun matches if you don't want---plenty of people just shoot pistol. Others shoot pistol and one shotgun. Some crazy people shoot pistol and both shotgun types. Completely up to you!) So---even if you ONLY do pistol, AND lose both times (which you won't, will you?) you'll still get a minimum of 4 runs at the steel.
...and lunch is included in your fee, and Edie makes a FANTASTIC lunch. So you really want to do this. :)