In the HERO FOLDER:

-- Saves without a "**" or "***": The path to Happiest/Best outcome
-- Saves with a "**" - Arrow and treasure lost, Marian lives: Pardons for all
-- "***" - Won Arrow, Treasure Seized, Marian dies: Pardons for all

In the ROGUE Folder: 

-- Saves without a "**" or "***": The path to the worst ending - Robin Hanged
-- "**" - Same path only Marian lives - No affect on worst ending