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... On the other hand, one might be standing AT the home location and "bearing to" would be which way to look to see the photo location.
Interesting. I have always thought that was the meaning of bearing to, but it is probably on par with the North wind. Bearing to will also have two solutions, in the sense that I would naturally travel North to get the Arctic, but I could travel southwards via the Antarctic. Does PM's bearing refer to the shortest distance along the Great Circle or Loxodrome?
I do not know the answer. I did however, check out with one of my images with GPS set to a place in Manila (PH), 14.x deg North, 121.x deg East. My home position is SW part of Norway 58.x deg North, 5.x deg East. PM calculates the distance =1005km, about 1/4 of the Earths circumference, thus it must be the shorter distance between the two locations.
Looking at a world map I would guess a SE bearing from home to Manila, something between 120 and 170 deg on the compass. But those things are hard to judge from a flat map. PM thinks differently, and calculates a bearing from home to Manila is 61 deg, meaning NE. I may perhaps arrive in Manila travelling that way, and it may even be shorter route. But it feels unnatural. PM finds the bearing home from Manila to be 332 deg, that is NW, which feels right I believe the distance is different than the 61 deg route to Manila. Subtracting 180 deg from 330 makes 150 deg, which is indeed SE from home and it feels more natural to me than PMs 61 deg does.
Conclusion: Use PM's bearing from/to with care?