on my 2007 catalog.
SS is bottom left side which is slightly off centre towards the Street/Standard.
Monoflex more towards premium/competition (top right), flex is closer to premium near the centre horizontal line but underneath flex.
SS will provide more comfort on street although if you only track once in a while SS will do the trick, but for tracking i'd go for flex/mfp cause of stiffer spring rate. To answer your question yes you are reading it incorrect. The closer to the centre of the circle the purpose is more centralised.
Hope this helps.
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