1. Look at the Java Compiler Preferences.
You should be able to set Compliance options there although not as specific as 1.3.1_19. Note this does not apply to
J2EE. J2EE is controlled by a separate version preference.
2. I do not have an answer for this. One would think that performance would be at least as good if not better. You might try measuring performance yourself and/or comparing the bytecode generated.