I would suggest that they are not a lot different in v2 than they were in v1.9.x. Pretty much the same rules apply. AFAIK, you have been able to add as many parent courses to a single child course as you like and that does not appear to have changed. You can add as many child courses to a single parent course as you like, which also appears bnot to have changed, just how you establish the links is a little different. I am going to work through this soonish, should have already but have gotten lazy... so will update the Moodle Docs for Metacourses when done.
General developer forum
Metacourses in Moodle 2
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