As Honeywell were actually selling their V4073A valves in 1976 I would imagine that the ACL method of operation is somewhat different. The HW valve was advertised as a "proportional" type.
Thanks for the date. I have been trying to find a Honeywell Patent but been unable.
One thing I have noticed in many of the descriptions is that many refer to 240v on the orange wire. The orange wire is an output wire and only has 240v if the White wire and the Grey Wire both have 240v. In this case the orange wire is supplying 240v to the boiler.
In all other cases, the only reason there is 240v on the orange wire is that, in the standard Y-plan configuration, the orange wire is connected to the same terminal as the Call terminal of the HW thermostat. If the orange wire was disconnected you would not find 240v on it.