Correct. That functionality is intended primarily to create evenly spaced nodes. Nodes, of course, are intended to host regular or adaptive points to further the building of mass families, by using them for the hosting of lines, splines, or nested adaptive components.
Within the project environment, if you actually want to divide something like a wall, you literally divide it. If you want the divisions evenly spaced, you dimension them and create an equals contraint. Project curtain walls, specifically, have native divisions that are controlled by family parameters. Or maybe you just want to position repeating elements at an equal spacing. You do the same thing with dimensions again.
It might be a nice feature to create a divided line in the project environment, using it for insertion points of repeating families, like maybe exterior wall light fixtures, or parking spaces, or slab cut-lines or whatever. And even stretch the line out to have our elements spread out. That would be cool. But as it is we don't have that functionality in the project environment. We just use dimensions, constraints, arrays, etc.
