As with any training, ask yourself, "why am I doing this workout?"
8-10 reps with low weight and low rest will have an effect, but not a strong one.
There are different types of lifting workouts, based on combinations of number of reps, number of sets, and percentage of maximum weight.
2-4 sets, 1-5 reps, 100% maximum weight --> this will increase strength, the maximum power output
3-5 sets, 5-8 reps, 90% maximum weight --> executed quickly, this will create power, the combination of force output and speed at which that output is executed
3-5 sets, 8-12 reps, 80% maximum weight --> this combination will best facilitate mass; in terms of sports performance, you will get a low-level combination of power and endurance here
3-5 sets, 12-20 reps, less than 80% maximum weight --> endurance training, increasing the number of reps you can do at any given weight before you fatigue; if you're not getting this stimulus from your running, you're doing it wrong.
These workouts are based on extensive exercise physiology research performed by the USSR during the height of their sports mania. They put a lot of research dollars and a lot of man hours into this model, and it's still in use all over the world today. It's a rough model, advanced lifting obviously gets much more fine tuned. In this regard, it is not unlike running, where you have a rough idea of something called distance runs, tempo runs, intervals, and speed work. It's more complex than that, but as a rough model, it works.
So I will ask; what are you trying to accomplish with your lifting, specifically?