Freaky, a good friend of mine raced a 73 SC500 here in Texas vintage in 92-93, with two class championships. He holeshot every moto as well. The bike was as bought in 91 with an aftermarket weight on flywheel. I think even the counter balancer was removed. Only problem was, we found an NOS 2 nd over piston, bored it and ran new piston. It ran great with about 6 thousanths clearance on the worn out bore, but seized in moto two with new piston and 3 thousanths clearance. It was a beast with fresh top end-he used up clutch plates in it, though.
Anyway, we installed a spare MX360 engine, and he won the remaining races.
It was fun to see him smoke everyone on that "pig". I raced the bike with both the 500 engine, and 360 engine. With the 500 it was more like a 440 Maico with less fylwheel, the 360, I think is one of the best engines ever. BTW another club member raced another 73 SC500, at the time. It was immaculate, though he didn't ride it hard-he never had problems either.
One concern is the very low hrs engine you have- it may not like to be spun far or long. I would be concerned about harming the engine to your potentially quite valuable bike. The bike Allen had was trail ridden several years, I think this lossened up the bore-we should have left it alone. Allen got a YZ250A after that, but never managed to do well on it-in fact he went better on my 74 250 Penton( KTM). For my experience, the SC500 gets a bad rap-it is as capable as the MX360, and this may piss off a few, but the MX360, and MX250 are as good as anything of the era( excusing the insanely expensive YZas, rare Monty VR250s, and more expensive 400-440 Maicos).
The MX Yammies are the best value you can have for Vintage classes in MX.
I hope you race it and have fun.