It's been a while since I've looked at the details, but from what I remember, I think epi works on alpha-1, alpha-2, beta-1, and beta-2, with low doses favoring beta-1.
I know in clinic we use lidocaine + epinephrine for local anesthesia so we can get vasoconstriction of the vessels and less bleeding when we are excising a mole or doing some small procedures/cutting the skin.
I also know that we use Epi-pens on people who have anaphylactic shocks after a flu shot, for example.
So, I'm a little rusty on the high/low dose stuff, but I think that a low dose of epi (as in local anesthesia) would favor beta-1 over beta-2, so you get vasoconstriction. That's because out of alpha1/2 and beta1/2, only the beta-2 receptors do vasodilation. So, the vasoconstriction you get from low dose epi subcutaneous injection would be mostly coming from the alpha-1 action.
In an anaphylactic situation, you are jabbing the epi-pen into the patient and giving a pretty large bolus of epi, so I'm guessing that would be a large dose, which would give you more beta-2 selectivity, and thus vasodilation and bronchodilation, which I think is the main point for anaphylaxis treatment cuz usually the patient will be SOB.
I think that sounds right, but feel free to correct me if I'm wrong... yea it's been a while...