"I've also read that older non-PQ lenses, commonly refered to as HFT lenses, need to be upgraded as they could short out the motherboards on the post 6006 series Rollei's. "
I believe this is the OPPOSITE to the truth. It is the PQS lenses that can fry the older SLX, & some early 6000 series (?) that only provide up to 1/500s on the shutter dial. PQS lenses draw more current for their newer-design motors.
HFT [(non-PQ, non-PQS as all the lenses are HFT coated & labeled, further regardless of this the OPTICAL design/formulas are the same)]will work only in shutter priority mode with newer cameras that have additional exposure modes. The older lenses will also make a clicking sound as they are used in shutter priority mode, some find this objectionable & find it may distract a live subject @ the time of exposure.
What I'd really like to alert you to is that if you can utilize the non-pq/pqs HFT lenses you will save much money over their newer counterparts.
The other thing is that that 120mm f/5.6 S-Planar (it is the S-Planar isn't it?) is one of the very best you could use, especially as an all-round "normal" lens. I use it that way & use the 80mm Planar as a very moderate "wide angle" lens, this especially so with the Square Format. I cannot praise this lens enough - very sharp & Planar-like, from closeup, all the way out to infinity. A gem. If I could only have one lens this would be it.