One thing in your favour right away is that you are already an established mental case your 12 footer history firmly establishes your psycho street cred. The old 159's are a sweet board and one of the best entry level formula boards around. They are small and curvy in the outline compared to modern boards but they have a really nice rocker line that makes them a great all rounder. At your weight a 9 or 10 metre will get you going nice and early even and 8.5 would be okay that's the great thing about the 159's they carry smaller rigs very well. formula gear is kind of like a 12 footer they don't point very high but get nice and low downwind at least by windsurfing standards anyway. What we call going upwind is a very tight reach by dinghy standards but it's so fast you will love it anyway.
The fact that you sail a 12 footer shows that you are a sailor who commits to what he's doing and the formula board is no different so in my opinion if you're not really willing to commit to mastering this beast then probably just sell it but my advice is put the time in and master it you will be glad you did.
Here's a vid to help motivate you from about 3 minutes into the vid I get a gust in some flat water and you can see some of what a formula board can do upwind.