macro d n {
  local x
  rept n \{
    display x
  \}
}
macro f {
  local x
  x#0 equ 123
}
f
rept 61 {
  d 0
}
d 1    

Yes, that is correct. You can define labels with the same name as local labels. If that is what you want then I guess you can exploit that behaviour for some purpose?

I am only guessing about your actual query here. If you could be more explicit about what you are trying to say/ask then perhaps a better answer could be given.