So if I get this straight, I can recruit 4 new accounts and make five new chars that get trip experience from lev 1-60 (quest exp as well). Then have 120 banked levels to give to characters that are under level 60 on the "mains" account? Meaning I can get 2 alts instantly to level 59?
Or If you can squeeze it in level them to 70 for 140 banked levels and get even more free levels?

Do I understand that correctly?

If so I will probably make sure thay don't nerf it and buy four new accounts soon.