I've spent time in large-scale finishing operations, and have seen more than one punch system. So it just depends on the exact system in use where your film is processed.
In Stephen's attached image, the spacing is obviously different, so it seems most likely related to frame positioning rather than just a print/no print instruction.
The punch systems have a number of downsides, not the least of which is the possiblility of leaving bits of debris hanging on the cut edge. This stuff was just waiting for the opportunity to break off, especially when the "feeler" bar rubs against it. Another issue is that a badly placed punch can't be redone.
At various times, my employer used commercial punch systems to mark frames to be printed, as well as establishing where to center the frame. (The long-roll film was "edited" on a different station, which the operator could run as fast as they wanted. Then the film would be loaded onto an automatic-advance printer which could do preset operations on finding each notch.)
There were other punch systems that would do inboard punches, Although these needed optical sensors, it was possible to punch some sort of dot array with more elaborate codes.
We eventually went to a system using "start" notches, only, then the system tracked itself by counting sprocket holes. This nearly eliminated the issue with any loose debris on the punched area. But such a system was not feasable until microcomputers or controllers went mainstream. But it allowed the editing system to call out specific print sizes (on automated package printers) along with fine adjustments in film positioning, as well as the ability to make editing changes.
When mini-lab machines became equipped with on-board scanners, the need for punches largely went away. So edge-punched film is now something of an historic artifact, from a specific time window in photofinishing history.
