Hi Gerbie,
It looks like it would be a great foot for sewing velvet.
Have you ever used the needle board for ironing?
Do you or how do you iron your velvet?
Are you planning on keeping your Bernina forever? I would think about getting the snap on foot. You can get a foot adapter package which takes any type of shank and adapts it, therefore allowing to use any snap on foot from any brand.
With the adapter you can use any of the snap on feet from Singer, Janome, Brother, Bernina, etc. I just love it. I has been the best investment I've ever made.
Pam M