Yes, it´s a bit confusing. However, what you get is a pattern consisting of 20 16th´s notes, and you can choose whatever you want to call that
Still, the layout of the MD makes it mroe of a 5/4, because of the highlighted quarternotes on the trig-buttons..
You can also edit the pattern length in song-mode, making any pattern you have playing however many 16th-notes you want at any time (takes some editing, but works nice..)
This is very nice if you want different time-signatures in one piece..
What would be even greater, was if it were possible to have different lengths in different tracks!.. As requested by many in the want-list-thread..
Guess that´s too much coding to implement for the Elektron-guys..