Not sure, which is why I referred to the Terms to what happens when you use multiple IDs on one system (old content becomes unusable or NNID is erased). As NNIDs aren't just a sign-in/out system (can't take my 2DS, make an ID, then sign into the same ID on my n3DS without my content getting erased (and permanently erased in this case), because the ID is linked to my 2DS.But then you have the option to create a new one?
And then what happens to the old one? Would you be able to relink/login if you formatted again?