Yes, those beacons were built to last and it is not uncommon to find fully functional beacons that were made in the 1950's and 60's.
There is no real science to decoding the Dietz tags. The first two digits are the month, 01 through 12. The second two digits are 15, don't know why, maybe someone just liked the number 15. The third pair of digits are the last two digits in the year of manufacture. So yours is 02-15-72, which translates to February, 1972. You said the motor in yours is 1971 and it is not uncommon to find the motor being 1 or 2 or even 3 months older than the beacon.