[AgX]

asa

One body design was used for 35mm, 127, and 120 film to cut production costs.

Camerapedia does not hint at type 127. There is one type 135 and three type 120 cameras.
All have different bodies.

I assume the idea two produce as alternative to 6x6, 3.5x4 and not 4.5x6 cameras was just to get more frames on an easy to access film.

The price per frame would be the lowest of all type 120 variations. I don't guess that frame size, regarding quality, was that much an issue for that range of cameras.

With 6x6 and smaller negatives would have to enlarged anyway, so the cost regarding frame/film would only be part of the story, with the alternative of type 127 film in mind.
So it falls down on many exposures on easy to access film.