This sounds more like a description of a cracking pressure control.
Isn't the venturi (pre/dive) control a vane that fits around the valve spindle in the 2nd stage? Doesn't it redirect the air flow so as to alter the pressure within the 2nd stage, making it more difficult to free flow in the pre dive position?
I was giving a simple explanation, and sort of combined the two.
Cracking pressure is increased/reduced with the "breathing resistance knob", venturi effect is controled with a lever (labeled Dive/PreDive or "+" "-") on most adjustable 2nd's (that have both features). Note: When I think about it, I believe there are some regs that now combine the two features.
As far as whether the venturi switch can be set part way on or off.... it should be kept either all the way forward or back.
But using the Zeagle Flathead VI as an example, you
can set the venturi switch part way open or closed, (but you should not need or want to).
Moving the lever rotates the vane (which in the Zeagle 2nd and Apex I believe is actually a 1/2 cutaway tube) around the air barrel (Zeagle calls it the valve tube).... Testing the Zeagle 2nd for proper tuning during service involves pressurizing the reg, opening both the resistance knob and venturi lever to their easiest settings, and tapping the purge which should cause an immediate strong freeflow... which is stopped by moving the venturi lever towards the "-" position.... the freeflow should stop before the lever has reached 2/3 rotation towards the "-" position. It is not a pure On-Off switch since it be set in any position between "+" and "-" (but again, why would you want to?).
You
should be able to notice a slight difference in breathing resistance between the Dive/PreDive positions on most regs. On some regs it is pretty subtle: Just enough to prevent freeflows. It does not really effect the
amount of air delivered.
Best wishes.
PS: After all that, I remember why I like "classic downstream" 2nd stages so much.... no knobs and levers to confuse my remaining brain cells