The outside diameter of the old hose is not important, the important size is the ID of the hose, and it's cast into the clamp - 1-1/4".
Those old clamp-type bolted up hose couplings are the simplest and best around and you can fix them with minimal tools and at low cost.
No need to go over to crimped hose fittings, just buy a length of Eaton Aeroquip double-braid Hi-impulse hose, unbolt the clamp, cut the old hose off carefully and then pull it off.
Then just skive the outer hose covering off the new Aeroquip hose, slide the new hose on, and bolt up the clamp, and you're right to roll!
These old hydraulic systems only operate at around 2000psi maximum, the Aeroquip hose is rated at 2250psi working pressure in 1-1/4", that's quite adequate for your needs in that application.
GH195-20 Eaton Aeroquip AQP HI-IMPULSE MATCHMATE BLUE Double Wire Braid Hose meets or exceeds: SAE 100R2AT Type S, EN 853 2SN, ISO 1436-1 Type 2SN. Applications: Petroleum and fire resistant hydraulic fluids, fuel and lubricating systems.
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