The 1974 model won't have the headlight interrupt in the starter button so scratch that idea off the list.
Actually, it does: the headlight interrupt first appeared during the 750K3 in 1973, mixed back-and-forth with an ON-OFF switch on the right side and the Hi/Lo on the left side. By the end of the 1974 K4 model onward, they were all that way, including the 550.
To bypass a dead switch: you can just plug the Black wire in the headlight into the Brn/White feeding the left Hi/Lo switch, or else to the Brn/Red (some are Brn/Yellow) that feeds the middle fuse in the fuseblock, if you want to keep the same fuse arrangement (if your fuses still work, that is, but that's another topic!). The headlight won't go off then during start, but it will light. You can also add a small relay (like in my Start Button Saver relay kits) to switch the light off during start as follows:
Connect the NC (normally closed) contacts to Black and Brn/Red, then connect the coil to Green and the the Yellow/Red (or Grn/Red if it is the later K4) that goes to the Start Solenoid. This arrangement will pass power to the headlight until the Start button is pressed, and pulls open the relay while starting, to kill the lights.