Most of the world still works like that and back then it was not rare to see a vehicle seats for a year or two before to be sold and so the date on the registration does not indicate at all the year it was built.
Over here most 1974 were registered in 1975 as there were a 6 months delay between...
My 1974 (10/73 built) was delivered new with a hardtop but only has FJ40L int he VIN plate.
It's bad naming created by people that did not know better back then.
Pickup were 45LP so in the 60's a 45LV would have designated the Station Wagon in the US.
But in RHD configurations that would have...
The details of the configuration on the VIN plate started in 1975, so for a 1974 it would not help for this matter.
But yes this VIN plate is completely wrong... the engine displacement is a joke...