Yes, the mil. unit is set up for different powers depending on the company [most are now using the 3.6 inch per hundred yds. subtension between dot centers, but the dot diameters vary a little. This is not terribly significant but can affect rangefinding accuracy].
Leupold typically uses the highest power, Nikon is 12, Bushnell is 14 [i think]. Most companies have some sort of witness mark on the power ring for the calibrated power. The Centerpoint optic does not though--maybe some other Chinese knock-offs may not as well.
Here is a pic of the CP 7-mil. unit that i've become so fond of [most mil-dots are 5-mil units only] for a couple 22's.--
The inversely proportional nature of subtension vs. magnification is a lot of fun to play with in the field sometimes. I have seen a kid make 3-290 yd. connections in calm conditions on prairie dogs [with 2 kills] using a Marlin 22 Long Rifle in about 6 shots by improvising that concept with a 3-9x Simmons plex-reticled scope set to 3x using the plex post tip as a reference.
Recently we established a long-range shooting system with a buddies 17 HMR using a 6.5-20x Leupold Duplex reticle out to 300 yds. or so. That optic subtends 4 MOA to the Duplex post tips at 6.5x according to the catalog, so we just left it there for longer range shooting, and made some great 1st shot connections at LR [300 yds. +] even in some wind, just by calculating a system for elevation and windage using that Duplex subtension matched to a ballistics programs calcs. only without even testing. Some pretty amazing things can happen in the field by the judicious application of a little mathematics.
Here's a very in-depth discussion we had over at varminter.com about the applications of subtension vs. magnification and calculations using mil-based reticles mostly--
http://www.varminter.com/forums/topic/15183-anyone-else-use-mildot-scopes/