I've been using the HE111 level bombing with some success, check this thread to see how I do it.
http://forum.1cpublishing.eu/showthr...t=23048&page=2
To add to that post, here are more numbers that I have calculated, you still need to manually move the bombsight though.
Set your airspeed at IAS (I calculated it this way to remove one variable)
For 1000m set to 1400
For 2000m set to 3400
For 2500m set to 4200
For 3000m set to 4800