I am very familiar with these type of conversions. Depending on how old a car it is, depends on whether you should use R-134 or stay with the R-12. The molecules in R-134 are much smaller and will migrate out of the rubber hoses on many of the old cars, so while it is less expensive to use R-134, you will not get the cooling or long lasting charges.
As to the question about the gauges, I believe that the gauges themselves are the same, but he hose fittings at the ends where they attach to the system are different. Once you convert a R-12 system to R-134, you can't go back. You need to install adapters on the old fittings and they can't be removed once installed. They are what is know as a one way thread. It is barbed, so if you try to remove it, it will just dig in deeper to the original fitting. Total replacement of the hoses is the only way to go back. The price of R-12 has dropped in recent years, so I would stick with that unless you are quite certain that your car is going to accept the R-134 and not have problems. I won't even change over my 1978 Cadillac from R-12, because the small savings isn't worth the aggravation that I have known others to have. Only after the entire stock of R-12 is depleted, will most serious hobbyist convert. I see it all the time on eBay and it sells for between $10 - $30 per can. If you want to get the certification to buy it, you can take the test on line with the EPA. The test has all the study materials on line also. It isn't that hard to do. As the GEICO ad says, "even a cave man can do it".
Dusty