I do number things in order to simply be able to find them again. But I must say I don't record precise exposure information.
For my numbering, I simply put the same number on the contact sheet and the negative sleeve. I use a simple ISO date based system. Like today would me 2009-05-06 (yyyy-mm-dd). For Identifying the roll number, I add 2 digits. sot today's date could turn into something like 2009-05-06-01. And if you want to go all crazy with frame numbers, you can just add it to the sequence.
The system is simple in the sense it sorts easily by chronological order. The only down side is the system creates holes in the sequence so missing contact sheets could prove to be a problem (you have to be tidy).
I used to be sequentially numbering things (1,2,3...) but came a point when I always had to open the file to know where I was... it was a drag. I also did a resetting system to identify which storage box the images were in... big mistake. Now, I simply put a label on each box with the start and end dates (still in ISO format).
I don't tag my image sequences anymore... though maybe I should start to do it again... But since I keep all my contact prints in the same folder separate from the negs, it's just a matter of thumbing through the sheets to find what I need.