If you do BIAB that calculator is not useful, but for mashing in a cooler or kettle, it's excellent! It will give you all your volumes.
1.25 is quite a thick mash, 1.50 is a much looser mash, easier to stir and due to higher volume, easier to keep the temp on target. I use 1.50.
Sparge 2x with equal volume for best sparge efficiency. Drain first runnings completely, add 1/2 sparge water, stir, let rest a few minutes and drain second runnings. Repeat for 3rd runnings.
One thing I must note, the calculator has no entry field to compensate for heat loss while stirring with the lid off (none do).
Due to that initial heat loss, I've found with my 52 quart cooler I have to strike 4-6 degrees F higher than the calculator predicts to get the exact mash temp I want after stirring. If the temp turns out a little high, I stir a minute longer.