As
@Ysarex says, bellows extension is linked to magnification and not focal length. Though I use a different calculation it is essentially the same.
The f-stop system already compensates for focal length so you only need to compensate when you *extend* the bellows and make a *significant* change to the focal length, the distance between the lens and the film. The f-stops marked on the lens relate to the focal length of 128mm
It becomes significant when the distance between the lens and the subject is *less* than 8 x the focal length. In the case of a 128mm lens then that is when your subject in focus is less than 1m from the lens simply because you have to extend the bellows by such an amount to achieve focus that you essentially alter the focal length enough to noticeably effect exposure, and therefore have to re-calculate the aperture diameter/focal length to achieve accurate exposure.
I use the formula:
Extension factor = Bellows extension squared/focal length squared
If a lens is focussed at infinity then with the 128mm lens it will be 128mm from the film.
So 128mm squared/128mm squared = 1
Indicated exposure x1
At 1:1 magnification you will be doubling the focal length, the lens will be 256mm from the film.
So 256 squared/128mm squared = 4
Indicated exposure x4 (two stops, 1/100 second becomes 4/100 or 1/25 second).
As indicated it is the same calculation as above but it can be done simply by measuring the distance between the lens board and the film plane.
BTW, the compensating Nikkor 55/3.5s are the ones with the old style scalloped focus rings, in case any of you were rushing to check...