I have a '75 frame (I think), and it has two zerk fittings for the arm on each end of the pivot. I also have a '77 or '78 swingarm that has a single fitting in the center of the arm. After reading some of Hondaman's posts, it seems Honda did this to save money/complexity. It can be concluded these earlier ones are obviously superior, as you can make sure the grease is getting through to both sides.
Also, the later one has different mounting tabs for the different style chainguard (chrome one, whereas I believe the earlier models used a plastic one, or maybe that's just an F-K thing).