That is the weight code on the connecting rod.
There is, or should be, a number and letter on the connecting rod.
The number determines the bearing size.
The weight determines balance.
The shop manual tells you how to determine which is needed.
The irritating part is that it's impossible to know what connecting rod bearing to get since you don't know what the number is until you have it in your hand.
Interesting. The shop manual for the 83-85 550/650 doesn't list anything as far as a weight codes for the connecting rods. Only the codes for selecting new bearings. Here's an example of what you need to know (Stolen from my rebuild thread) You can see there are letter codes for the crankcase, number codes for the crankshaft main bearing journals, letter codes for the crankshaft connecting rod journals, and number codes for the connecting rods. Once you have all this info, you cross reference it with the table in the back of the engine section of your shop manual and it tells you what bearings you need. (Many of them are no longer produced)
I went through and cross referenced all the numbers and letters to find out what bearings I need to order.

Main bearings I need:
2 green
6 black
2 blue
Connecting rod bearings I need:
2 green
6 brown
Most of the parts places have them listed by a letter code as opposed to a color code but I finally found someone who could tell me what each color's letter equivalent was which I'll post here in case anyone else is wondering.
A=Blue
B=Black
C=Brown
D=Green
E=Yellow
F=Pink