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Awesome! I still need to beat this. I got pretty far. I wonder if I should restart, or just try to finish it. Is this compatible with a 1.2 save?

Sadly it isn't. RPG Maker VX gets extremely buggy if you try to transfer the Save Data over to a previous version. Not only that, but Patch 1.3. has a LOT of changes to the base game, so it'll be better just to restart on the new patch.