I posted on this same problem last week, no answers suspected that nobody can face another 'which oil'
type thread!
When I looked at AN to see if the switch is still on offer(mine is 1974 850), I found they direct you
to the '75 MkIII switch so it must be interchangeable.
Remember that the switch doesnt include the key part if you spring for a new one.
I disassembled mine easily enough and it is pristine inside. I see nothing amiss. But there is no way
I can get it to energize both the ignition circuit and the lighting circuit AND also offer a parking
light option. Understand that the headlamp is controlled by the toggle in the shell. On later bikes
that switch ONLY controls this, not the parking lamp.
The numbers for each terminal are cast into the back of the switch but they are extrememly small
so use a glass if you are, er, old.
It is all pretty much a mystery especially when it is a very simple circuit. New switch is on the
way so Ill post my finding when it is all sorted.