I don't think you are talking about two different things, just the same thing two different ways.
Ralph, the inner nut sets the bearing load like he said, and like you said, if you torque it to 200, the bearing would barely make it out the driveway.
However the outer nut only jams the inner nut, and would not change the bearing load unless you torqued it so hard you stripped out the inner nut thread.
Having said that, I think there are more than one torque rating for that outer nut. If you have the washer with the pin and holes, the inner nut cannot rotate without sheering the pin, so all the outer nut has to do is hold the washer tight against the inner nut.
If you do not have that, and the outer nut is a true jam nut, then I suspect the torque values are much higher.
No idea which you have, all mine have been versions of the Dana 44 which has the washer and pin, and I use the 65 number.
Actually, I usually do the 'tighten until it feels right' method on the outer nut.