Recommended Format = 35mm
Even though it zooms to 125mm, the image circle is only large enough for 35mm, even at the 125mm setting. So you cannot use it as a medium format enlarging lens.
In fact, the image circle (at the recommended operating distance) is a little small for 35mm.
The specs indicate the image circle is 43.3mm. I have rarely seen lenses with image circle listed to the tenth of a millimeter, but what this means is that at 43.4mm it is already getting dark. If you measure your 35mm negatives, they most likely will all have a diagonal greater than 43.3mm, so you may clip the corners (but there is a work-around, see below).
In fact the recommended format is not just listed as generic 35mm, it specifies a mask size of 23mm x 35mm. That is about the size of my glassless printing frame mask which crops the image slightly.
Because of this very tight image circle, the lens and negative have to be centered exactly. There are a myriad of ways to do this that I won't go into detail here. If it is not centered exactly, you can clearly see a dark corner.