Answers
1. 1295 uses the same feet as a 1245. Also same bobbin case and bobbin.
2. when you replace the Efka with a servo, get the smallest pulley you can on the servo. 45-50mm8" maximum
3. depending on the hardness of the leather, 3//8" about the most.
4. great machines. The 1295 was the best walking foot post in it's class for may years.
5. US $1,500.00 is a good price. I have a 1295 with all the toys!
Yours is set up for binding! That is a honey colored one from the mid to late 1980's
glenn