There is an inherent mechanical advantage given by the winch handle, so for a snubber type winch (i.e. just a ratchet) the mechanical advantage is the ratio of the winch handle length to the drum diameter, eg. a drum diameter of 3.33" with a 10" handle applied to it gives a 3:1 power advantage.
Forgetting about winch handle length, for a geared winch it would logically follow that the number of turns of the input spindle required to effect one turn of the drum would be the mechanical advantage of the winch.
I guess I am answering my own question here.

It also logically follows that larger yachts require larger diameter winch drums due to needing to haul in greater lengths of line.
However my original question was regarding the numbering of winches and does it refer to it's mechanical advantage.
Is there a definitive answer to that??
Those Pontos winches look mighty sexy and no doubt come with an equally sexy price tag.