i don’t have a hermod, but i think the reason is , its a clock divider, not a clock…
clock dividers are often div of 2, the reason being they are relative to the incoming clock tempo
e.g. imagine you having a incoming pulse as a 1/32nd @ 120 bpm, then the 1/2 will given you 1/16, 1/8 will given 1/4 etc.
given you only have one divided output, id say its main use would be to drive another sequencer (or similar), running at slower rate.
one thing, id be interested in… if you don’t have an incoming analog clock, and use the internal clock , what does the div out output?