I'm fairly new to the sport, and trying to understand how to rig a sail properly using some recently acquired second hand gear, in particular how to set the mast extension.

The sail is a 6.2m with instructions printed on the sail. It says for a 430 mast the mast extension must be set at 32cm. First problem - my mast extension has no markings to indicate length. I guessed that the extension length would be measured from the bottom of the mast to the end of the extension when inserted so I measured 32cm with a tape measure. I've down hauled the sail according to instructions (wrinkles on second section from top meet the dots) and yet there is a large gap between the bottom of the sail and the bottom of the mast extension. The photo shows the sail folded up, but with that down there is still a 10cm gap above the base of the mast extension.
Should I reduce the length of the mast extension to that the bottom of the sail meets the bottom of the mast extension when fully tensioned?