Hi,
1.In the first case (Simple Translation)
"ip nat inside source static local-ip global-ip "
simply the global-ip is mapped to local-ip (one to one mapping)
2.In the second case (Extendable Translation)
globl-ip,port pair (socket)is maped to local-ip and port pair.
Here the advantage is with single Global IP,
Multiple services in the local network on multiple machines can be accessed. (practical example for load sharing)
For example traffic on FTP service (port 21) can forwarded to Local IP1
othere service HTTP (port 80) can be forwarded to Local IP2 and so on...
Pls refer to the followint URL for more details
http://www.cisco.com/warp/public/cc/pd/iosw/ioft/ionetn/prodlit/1195_pp.htm