Wow, haven't seen one of those in ages... my Dad used to bring old SMS cards back home when I was a kid... I would pull parts off them and play around with them.... the 1403 printer was used on other IBM machines as well, including the System/3 models 10 and 15D mostly.
The upper end model of the 1403 (model N1, or Nancy-one as we called it) was rated at 1100 lines per minute, or a bit over 18 lines per second. It also featured an acoustic hood that was motor-driven (and would automatically open when it ran out of paper) and the power stacker in the rear for paper. One of the main differences was the use of a "print train" vs the "print chain". This required an improved drive motor setup and a power oiler with it's own reservoir to feed the print train.
All 1403 printers featured a hydraulic drive unit to move the paper. This was a pretty large assembly with two pumps inside driven by a huge 3-phase motor. IIRC, a high-speed skip operation would move paper at 70-IPS (inches per second). The sound-level from the 1403-N1 was extreme... hence the acoustic cover to help keep the deafening noise levels down.
I probably had over 50 of these in my territory back in the late 70's to early 80's. Truly a workhorse printer for decades. It weighed as much as a Volkswagon, had four wheels and a pair of Bus/Tag cables (connecting it to it's controller) that were over 2-inches in diameter... plus the 3-phase power cable. In many ways, I kinda miss the old days of computing