Hi gsingh
There are others on here with a lot more knowledge than me but here are my thoughts
1... Can definitely develop 120 film at home at home ( I do )
2.... Yes both manual and auto focus (Fuji for example), but think many more are manual than auto
3... Mine go up to about 1/400 but others go faster I have seen some at 1/500th, think my Fuji is a lot faster still.
4, 5, and 6 will let others with way more experience than me answer those.
Ian
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