It is a magnification scale. Double the width and length is four times the area and requires 2 stops more or 4x the time ignoring any reciprocity factors.
4x5 scales up to 8x10 the same way.
Make sure the scale is rotated so it goes to 16x if you are using the 40mm lens. The back side goes to 11 and is for a 50mm lens.
Setting the voltage on the back side of the column base to 120 or 125 will deliver less voltage to the bulb and they will last a long time. A voltage stabiliser will do the same thing. If you are very lucky, yours came with the one that starts the lamps out low and increases to full in a few seconds. They were $400 in 1985 so I did not get one.
Incredable machine. Enjoy