So, in the specific case that Dragon Armor had both Light and Heavy Armor variants, we could expect a total of four variants of Dragon Armor:
Light Dragon Armor and Heavy Dragon Armor as defaults, and Scaled Dragon Armor and Plate Dragon Armor with the perk Advanced Smithing.
Seems like it. Considering dragons are a headliner for the game they didn't want to cut people out just because they chose light or heavy
I think it will probably be 3 types of armor. The base armor, the scaled variant and the plate variant. As we've seen, the companion screenshot has a warrior in hide armor with scales, while some hide armor shots have iron plates attached. Of course, these could just be modifications, and not different versions. Or there could be 4 or even 6 variants. It also appears you should be able to craft iron, leather, hide and chainmail armor at the start of the game, though there could be more, like fur if it hasn't been replaced, and mithril is still likely out there.
This is another possibility, although plate generally seems like a heavy variant. This would mean there are 3+ variants of each material.