One of the biggest time savers in this level is getting a good beginning up until the 358. The jump under the second pi symbol can save up to .5 of a second if done perfect, and the beginning with the sticky area can also improve if you can do it fast and not get stuck. Also, going low and slow under the left part on the bottom (near the 358) can really take off time, because if you go too high it can really slow you down.
I think that 1:15 is possible unless there is a new trick...