Node spacing is just the distance between nodes (where each new set of leaves/branches comes out of the main stem). After the cotyledons (seed leaves), the first set of true leaves is your first node, and you count from there.
Tight/short spacing usually means your light is close/strong enough and the plant stays nice and compact. Long spacing (stretching) means the light is too far or weak and the seedling is reaching for it.
So yes, you can use node spacing to judge light distance: if it’s stacking too tightly, raise the light a bit; if it’s stretching, lower it (without getting too close to cause burn).
There’s no “perfect” spacing because each strain is different – just aim for healthy, steady growth with green leaves and not too much stretch.