That does seem to be the case, in as much as it will tell you the angle in degrees that the tracking is out, but not a linear measurement like 4mm.
However, presumably, the degrees indicated are measured over the length of the device, that is, the length the wheel travels when run over the moving bit of the Trakrite. So, if one knew that length and the maximum toe-in, which for the R4's rear wheels is 4mm, then one could either find the maximum allowed measurement in degrees by either calculation or by drawing? And one could do the same for the front wheels, which Haynes also gives in linear measurement not degrees? What do you reckon?
Be a lot easier if Haynes gave the toe-in/toe-out in degrees as well!