Here is what I am running right now with 1.2, no issues.
Brighter torpedo wakes
Dark Recognitionmanual
Captain Midnights CBS NEWS Sound Mod
Pampanito Helm Bar
GreenLamp
Captains Pic_004
GREEN LOCK AND POSITION BUTTON 1.2
US Sub Sensor Fix 1.2
SILENT SERVICE GRAPHICS MOD
Hamilton Model 22 Mod Stage 1Bright
Beery's Camera Mod 3
Improved Night Visibility Mod Stage 2
TORPEDO +25% more powerful
Small Radar Contacts Stage 1
SH4 Realistic Battery Life
Real Medals v1.02merged
Nomograph Tool 1.2
Improved Underwater Visibility Stage 2_60m
Colored Torpedoes Mod Stage 2 Desaturated
Campaign Fix 1.1b
Balao skin
KOLLMORGEN TELEMETER LENS 8 DGR
Ultimate Sound Mod 1.2
Main theme from Silent Hunter 4 Mod