What does "_localserver_view" mean after an MSDB Database table
I'm not sure I understood your question but I'll try to explain the differences.

When you have full permissions in msdb
you'll get the same rows when 


executing msdb.dbo.sp_help_schedule
selecting from msdb.dbo.sysschedules_localserver_view
selecting from msdb.dbo.sysschedules


This is because msdb.dbo.sp_help_schedule selects from msdb.dbo.sysschedules_localserver_view which selects from msdb.dbo.sysschedules.

You'll get less rows when select from msdb.dbo.sysjobschedules mentioned in your question, this is because msdb.dbo.sysjobschedules 


  Contains schedule information for jobs to be executed by SQL Server
  Agent.


While msdb.dbo.sysschedules shows also schedules currently not related to any existing job, for example is contains schedules for Data Collector that may not be configured.

When the user has only select permission in msdb

he will not be able to execute msdb.dbo.sp_help_schedule, he'll get the full result when selecting from tables msdb.dbo.sysschedules and msdb.dbo.sysjobschedules, but he'll get no rows when selecting from the msdb.dbo.sysschedules_localserver_view view.

This is because this view contains the where clause:

WHERE (svr.master_server = 0)
  AND ( (sched.owner_sid = SUSER_SID())
        OR (ISNULL(IS_SRVROLEMEMBER(N'sysadmin'), 0) = 1)
      OR (ISNULL(IS_MEMBER(N'SQLAgentReaderRole'), 0) = 1)
      )


This means that to get any row from this view one of the following should be true for the current user:


user is owner of the job (and only the schedules related to owned jobs will
be returned)
corresponding login is a member of sysadmin fixed server role (all rows will be returned)
user is a member of SQLAgentReaderRole database role (all rows will be
returned)