I did a little bit of internet research. The -12 is only rated to 1100 horsepower, and it's not clear that it can do that continuously. So at altitude, that would only equate to, at best, a 10% power increase. Maybe not even that, depending on how it's set up.
My guess (based on the fact that Commander named the airplane the "1200") is that Garrett was trying to get 1200 horsepower out of it, and were unable to do so. The extra 10% just didn't make much of a difference in performance.
It would be interesting to know if Twin Commander has some more pictures of it, though-- that would be cool for us Commander history buffs.
The -14 is a whole different deal. On the Cheyenne 400LS, the -14 engines are derated from 1645 horsepower! So 1100 on a Commander wasn't going to do much.