Kevin,
That's a pretty encouraging story and explains why the forks and pipes look good. I'd say you found a great bike for a very fair price.
Nice that the `74 has all the improvements and is still a RH shift bike. "Last of the breed" so to speak.
OK, moving on to the front disk. Fred from Old Britt's has posted a nice tutorial on rebuilding the front disk caliper.
https://www.oldbritts.com/caliper_rebuild.html
Another reason to support places like Old Britt's. Fred and Ella are great to deal with.
You'll need a peg spanner to remove the caliper plug. The Andover tool isn't cheap at $90, which is a lot for a tool you may only use once.
I've seen guys successfully cobble-up spanners with hardware store items.
It's a good time to see if any other Nortoneers live close by for help and maybe borrow a tool in exchange for pizza and beer.