These things are never simple. Not all "red window" cameras are the same. The cheapo point and shoot cameras like my old Brownie Starmite and my even older Brownie No. 0 Model A rely on the frame number to appear for each frame. Some more upmarket ones, like the Primo Jr./Sawyers Mk IV and the Yashica 44 rely on the red window just to set the film on frame no.1--the camera's mechanical frame counter takes over after that. The Yashica 44A was the cheap version, so it requires the red window for each frame. The Rollei Baby has a mechanical switch that senses the leading edge of the film and starts the count automatically--no red window required at all.
Edit: But to answer your question, all I need to do when I'm rolling up 127 film is to mark the position of frame number 1 on the backing paper, because I nearly always shoot with a Primo or a Rollei. (Obviously not necessary at all with the Rollei.)
The Brownie No. 0 shoots a 4x6 image. Oddly, the red window reads the same set of numbers (in the center of the backing paper) that the 4x4 cameras read. I don't recall now how that works! Here's an example:
station by terry, on Flickr
Edit: But to answer your question, all I need to do when I'm rolling up 127 film is to mark the position of frame number 1 on the backing paper, because I nearly always shoot with a Primo or a Rollei. (Obviously not necessary at all with the Rollei.)
The Brownie No. 0 shoots a 4x6 image. Oddly, the red window reads the same set of numbers (in the center of the backing paper) that the 4x4 cameras read. I don't recall now how that works! Here's an example:
station by terry, on Flickr