Nope, 0v and neutral are essentially the same. If you put a scope on a bog standard AC supply the sine wave will oscillate around 0v.would 0v not be mid point between line and (tagged)neutral ?The peak voltage between 0v (Neutral) and the top of the sine wave will be +340v,
matt
Don't try connecting a scope to 240v unless it is rated for it tho - it'll go up in smoke!