Never seen a divider like that. Inside and outside calipers of that design are used when you need to measure, say, inside a hole that's got a shoulder at the top of a smaller diameter than the location you need to measure. Set your caliper, loosen the secondary nut, swing the "loose" leg aside, then reset it out where you can measure the setting.
I'm puzzled as to why you would never need to do that with a divider.