Bryan: Of course, you are right -- there is a separate diagram for 1977 switches, which I have never found. In an attempt to make the switch match the diagram I have, this morning before work I tried using the lower half of the 1977 switch, ignoring the red/black wire from the starter, with a battered but still apprently good upper half of a 1975 switch. Result -- strong cranking and starting, bright turn signals, but still no lights.
Here's another perhaps related question: the PO had grounded the taillight to the frame, which doesn't appear in the diagram. My taillight has only two wires, one solid red, one solid black. One goes into the green/yellow brake light wire, the other into the brown taillight wire. The brake light works, but the taillight does not. If the taillight fixture is not properly grounded, might that condition prevent the entire lighting circuit from operating? Both of my 550s were in run-down, jerry-rigged condition when I got them. Maybe my attempt to reconnect everything according to the wiring diagram is messing up the PO's improvised solutions. Whaddaya think?