yes, that’s right!! and you’ve hit the nail on the head—modulating intone is a real rabbit hole. The knob works slightly differently to how you wrote though. Identity will always match the setting given by time, while the other channels will shift. For example intone full CCW will make 6n move six times slower than identity while full CW will make it move six times faster, and of course in-between values of knob or CV will give in-between speeds, crossing over from slower to faster than identity at noon.
(the 2, 3, 4 times slower perspective when CCW totally makes the choice to name them 2n, 3n, 4n etc make much more sense. I had been thinking of them as 1/2, 1/3, 1/4 instead and been annoyed by the naming. [/totally irrelevant side-thought]) 