1) The scale on the side of the camera tells you nothing about bellows extension factor. For the distance scale and the 80mm lens, the index position indicates the distance between the camera and the subject focused upon (sort of, because this system for indicating distances isn't particularly accurate).
2) You are using an 80mm lens, and so you set the dial on the side of the camera to that focal length. That affects how the pointer in the viewfinder reacts when you focus. For normal distances, you won't even see it. As you focus closer with the lens, the pointer does two things:
a) it gives you a guide about how the distance between the taking and viewing lenses affects your photo. The pointer indicates the top of your image, and how much you need to correct for the parralax error;
b) as you focus closer, the ratio between the aperture and the effective focal length changes, and as a result the intensity of the light hitting the film decreases, and you need to compensate by changing the exposure. The indicator in the viewfinder indicates how much - 1.5 = 3/4 of a stop, 2 = 1 stop, 3 = 1.5 stops.
Hope this helps.
Enjoy your C330f. I've enjoyed my C330 for about 30 years.
Matt
P.S. In case you haven't seen Graham Patterson's excellent Mamiya TLR resource, here is a link:
Dead Link Removed
Graham posts here on APUG as well.