The lightness is probably down to use and age, although you aren't the first person to claim that their '120 is a more pleasant keyboard than their other Ms.
Out of my 22 Model Ms, my Jan 1986 1390120 is my favourite. It weighs the most and has the best feel by far... but perhaps it's all in my head because I parted with more than $200 when I bought it from Brandon last year
Seriously, the 1390120 really does feel "nicer" compared to most of the other Ms. The springs are well worn, but it's in excellent cosmetic conditon. I also occasionally use a June 1989 1391401(also from Brandon) at work which is almost as nice.
God love Jim, Chuck, and the entire crew at Unicomp - the current production of Model Ms are not the same as the classic pre-Lexmark era Model Ms manufactured by IBM. All of the scientific testing and measurements aside, the typing experience on "classic" Model Ms, in good conditon, is superior to new Unicomps and most of the Lexmarks,
in my opinion.
I'm really not that passionate when it comes to the the Silver vs. White vs. Blue label Model M debate because anyone who has used one
knows the 84-key IBM PC AT keyboard with the odd layout and lack of dedicated arrow keys is still superior to every other keyboard. No matter what I've tried, I keep returning to the King of Keyboards.
I'm typing on a Realforce 87U (an expensive and excellent modern keyboard) right now only because everyone else is sleeping.
Buckling springs over capacitive contact key switches forever!