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Now 1.2 is out, is there an easy way to move over to playing that  version if you’ve gotten a long way into playing on 1.1 on disk?

No, you would have to play the game from the beginning. Sorry, but 1.1 is pretty much the same like 1.2, except that some (mostly non-critical) bugs have been ironed out. The main bugs of version 1.1 are broken saving of some Easyflash devices and not finishable SD2IEC version.