Ps4 – Accessing the profile on different ps4 consoles

Yes, local accounts are those that exist - are/have logged in - on the same console, whether created there or elsewhere.

The Playstation Plus subscription is tied to the SEN account, but that account can specify a single PS4 console as its primary PS4, which enables other (non-PS+) accounts to access everything on the console.

So any account using that console (the one specified as the primary by at least 1 PS+ subsriber) can enjoy the benefits of PS+, when using that console. That includes multiplayer.

I assume though that multiplayer is not available to local accounts if you are online and playing multiplayer on someone else's console. That part isn't exactly clear. But your (non-PS+)family members / housemates could definitely play multiplayer on your console with only your PS+ subscription when you're not using it.

This FAQ on playstation.com is fairly detailed:

PlayStation 4

You can activate one PS4™ on your Sony Entertainment Network account (this is known as your Primary PS4) and temporarily activate a second PS4 on your account.

PlayStation Plus benefits available to other non-subscribing users on your Primary PS4:

• Online multiplayer (subject to any parental control settings on sub-accounts)
• Play downloaded games purchased with PlayStation Plus discount
• Play downloaded IGC games

PlayStation Plus benefits not available to other users on your Primary PS4:

• Purchasing PlayStation Plus discounted products from PlayStation Store
• Online game save storage
• Auto patch download
• PlayStation Plus exclusive early access to game trials

PlayStation Plus benefits available to you on a non-subscribing friend’s PS4:

• All of your PlayStation Plus membership benefits are available to you when you use a friend’s PS4.

PlayStation Plus benefits available to your non-subscribing friend when you use their PS4:

• Play downloaded games purchased with PlayStation Plus discount
• Play downloaded IGC games

PlayStation Plus benefits not available to your non-subscribing friend when you use their PS4:

• Online multiplayer (subject to any parental control settings on sub accounts)
• Purchasing PlayStation Plus discounted products from PlayStation Store
• Online game save storage
• Auto patch download
• PlayStation Plus exclusive early access to game trials

When you sign into your Sony Entertainment Network on a friend’s PS4 the system is temporarily activated on your account. Please ensure that you correctly sign-out of “PSN” on your friend’s system to keep your account secure.

If your “PSN” account is inactive on your friend’s PS4, the system will be deactivated automatically from your account and your friend will lose access to any of your downloaded content. This content can be deleted from their system hard drive by going to Image (Settings) > System Storage Management > Applications. Next, highlight the game to delete and press Options > Image (X button).

Source: http://faq.en.playstation.com/app/answers/detail/a_id/5030

Yes, PSN accounts are different to ps4 accounts. You can use your PSN account on as many ps4 user accounts as you like. The ps4 user accounts only contain your game saves, so deleting a ps4 account will not delete the PSN account linked to it or it's subscription. And if your worried, just log onto the other ps4 account with your game saves with your PSN account, no need to delete the new one if your worried.