I have a carry/stand bag with a 4 way split and a separate pouch for the putter. I have the 4 wedges in the front, 7-9 on the middle-right, 5, 6 and the 3/4 hybrid in the middle-left, and driver and 2/3 hybrid in the back. It works well for me with the smaller bag size.
I suppose that a cart bag would make more sense to have the 14 slots to keep the clubs separated better. Less wear and tear on the grips and shafts I imagine.