Hi Gadge,
I'd say you are spot on with that observation, but I feel that they continued to use their own foundry for diecast opposed to brass as it was fast becoming the cheaper alternative and had become the new wonder metal in the 1970's as it lighter and was easy to cast, easy to machine and certainly made your tooling last much longer and lastly was so much cheaper. For a manufacturer it was a win win situation.
Sadly it's draw backs are, lack of strength, non ability to weld it successfully and basically a tad too soft. In America it was basically known as "Pot Metal".
Cheers,
BB.