My first Panerai was a 111 I bought in 2006 and which still own and love. It has same (so called Bettarini) case as yours. It is a very wearable size specially if you don´t feel comfortable with the larger typical and historical 47 mm size.
I also own other Pams with same 8 days movement which are very interesting and practical. Yes, they need to pass the hundred turns to arrive to its full winding. I also wind in just one direction and don´t remember now but I feel that also give around 150 turns. Fact is I don´t pay attention if it really gives a complete turn or less and this can make a difference from one owner to another. But a long winding it is! Lol!
Looks very nice on your wrist and I wish you´ll enjoy it so much.