" "Focal ratio" is the ratio of the instrument's focal length to its aperture. It's found by dividing focal length by objective diameter. A telescope with a mirror of 8 inches across and a focal length of 48 inches has a focal ratio of f/6. (Notice that you can also find a telescope's focal length by multiplying focal ratio by aperture.)
As implied in our slide-projector analogy above, though a long focal-length telescope produces a large image at focus, it will also be fainter because the long focal path spreads out the light more.
Long focal lengths are considered to be in the f/9 or greater range. A telescope of a given diameter coupled with a short focal length, say a 3.5-inch (8.9-centimeter) f/5.6 (focal length 19.6 inches, or 49.8 centimeters), produces bright images but wide fields.
This is fine for observing large deep-sky objects and star fields, but if you also want to observe planets and double stars, you're going to want a slightly longer focal length."
Blatantly copied from:
http://www.space.com/scienceastronom...escope_II.html
So the F number is misleading to photographers because the actual diameter of the optical component is the f number we are used to thinking of.
Small F number equals a wide field of view and bright image. Larger F number will produce a larger image but will not be as bright.
Wow, I do still remember stuff from High School
I checked... I still don't have the $120k