Will 240 volt mains 80 w mercury lamp
First the mercury lamp isn't anything like 240V or so. It is rated to be fed by 0.8A current (which is normally dictated by the ballast and not the lamp, so "80W MV ballast" would feed ~0.8A into any lamp, regardless what the lamp is rated for) and it have arc voltage about 110V (and that is dictated by the lamp, so it would stay the same 110V, whenever you feed the "80W MV" lamp by 50W or 250W).
80 w mercury lamp run normally on 240 volt mains 70 watt sodium ballast (without ignitior)?
So far I've read that operating voltage of both lamps differe in more than 80 volts.
The US market 70W HPS lamps have arc voltage of ~55V and are rated for about 1.5A
The European 70W HPS are rated at 1A with arc voltage of ~77V.
The ballast output current does not depend as much on the load voltage, so when the ballast is designed to feed the 77V lamp by 1A, it would feed almost the same 1A even into the 110V MV lamp.
And that mean running the lamp at about 100W, what is quite a lot for the 80W rated lamp, mainly because the lamps are designed quite on the limits, what the materials could endure, in order to boost the efficacy as much as possible. So such overpower would send the design over the limits...
So you have two options:
Either use two "36W" fluorescent ballasts in parallel (those would feed about 0.85A, so about 85W, what is acceptable), but their losses would be about 20W
Or use 125W MV lamp, this is rated for 1.15A current and have about 120V across the arc, so it would operate at about 105W. It would be a bit underpowered, but not as much to really hurt the lamp.