You're right again: I just played with it and the 'N' has to stand for 'Normal." I can switch to Macro at 90 with the distance scale in any position, but I just discovered I can not switch back to Normal unless the distance scale is a 'N' or more (toward infinity).
I also just discovered that I don't know what the macro settings are. I had *assumed* that the larger the number, say 1:3 versus 1:2 would make things appear bigger, but it's just the opposite!?! I just turned to 1:2.3 and focused by moving the camera back and forth and the image in the viewfinder is a lot larger than doing the same at 1:3.5.
If I remember right, n:n is a ratio, so I'm now thinking that 1:2 = 1/2 and 1:3 = 1/3, so 1/2 of something is larger than a 1/3 of something. That would explain why 1:2 is "bigger" than 1:3, but I'm unclear as to what it is referring to, exactly, meaning 1:2 is 1/2 of what? I'm not explaining it right so I'll try this: is it 1/2 of the object at the closest distance that will fill the viewfinder? It certainly has to be distance related...