What is the model of the 1954? I have several vintage Singer machines. (Last count was 9.) There are some vintage Singers that I would not have in my house. There are others that I have to stop myself from buying a second model because I think they are great. (After fixing them up, I've given several vintage machines to family members and friends.)
You do have to carefully check the wires on the vintage machines to make sure that they are not frayed.
My favorite quilting vintage singers are the 401A or the singer 403. You can move the needle to the right so it is easy to set it up for the scant 1/4 seam without using a special presser foot.