This quote highlights the charming nature of the Captain's personality. Although he is trusted by his crew, their admiration is soon challenged by his single-minded approach to sailing. His primary concern is simply ringing his bell, which symbolizes his obsession with routine or superstition rather than practical navigation skills.
The lines suggest a humorous critique of blindly trusting someone who might not be the most competent or versatile. It emphasizes how appearances or charming behavior can sometimes mask a lack of real capability, especially when someone relies solely on a single mannerism or habit in critical situations.