Doctors often can't reverse damage, but patients sometimes can and your father is far too young to be thinking he's near the end of his life. There are diabetics around who have reached 40 or 50 years on insulin. My own husband is 62 and has multiple complications, after 35 years, but is far from ready to go just yet. I'm a 62 year old T2, who is very fit and well.
Your father's BG numbers are pretty good( I take it those were blood glucose numbers not HbA1cs)
However, from Bernstein's point of view[ I follow the work of Dr Richard Bernsein], they could still be better. It's not an easy thing to do on insulin, but non-diabetics have BG levels around 4.5 - 5 nearly all the time.
Rather than give up on life, it might benefit your father to tighten up his blood sugar control even more. It would take a lot of dedication.
What's your father's weight like? If he's heavy, that might impinge on the legs and the general level of health.
One thing that might help is Bernstein's doctrine of small numbers.
He advocated, LOW amounts of carbohydrate in the diet combined with low doses if insulin, maintaining low BG numbers. You need to read the book for the details.
another suggestion
Could your father try swimming or aqua- aerobics for a while? Also has he een the odiatrists? As a diabetic, he can refer himself. Just look up the number and give them a call