From the "bible":
Note
The normal rear sight aperture (unmarked) flips forward to expose a larger aperture marked "0-2". Use the 0-2 aperture only when the 3 is aligned with the mark on the left side of the receiver and the sight is rotated down. You will automatically get a zero of 200 meters. Use the 0-2 aperture when shooting at night or at close range, e.g., in a city or in dense jungle.
This applies to the A2 and later.
Additionally, I've seen some rifles meant for service rifle matches with different sized apertures that (supposedly) shot to the same zero. (I say supposedly because I'm told that they never quite do - almost, but not quite.) When we start dealing with the smaller aperture sizes, you can actually wind up with a hole so small that on a sunny day the sight picture is fine, but on an overcast day it blacks out. This application provides for both "sunny" and "cloudy" aperture sizes. I don't know much else about it, as I never really got into match shooting.