Yep, it's a 74 MX175...
That engine, with some porting and polishing, a good expansion chamber on it and a fresh tune up will run really well... I actually had a version of the MX125 that I raced locally back in the day... The important thing is that you go through the engine and give it a nice top end job - not sure how the lower end is - but you can check that when you've the cylinder off. Also - check your reed valves, too.
If the rear shocks are shot (which given it's nearly 32 years old they almost certainly are...) works performance will build you a set or you can pick up some Progressive magnums..
If you need bearings and other parts - check over here:
http://houseofmotorc...name~MX175A.asp
Bike bandit has been terrific with parts and stuff...
Progressive fork springs will firm up the front along with some fresh oil, too.
http://cgi.ebay.com/...bayphotohosting

There's a brand new bassani for a DT175 - ya might be pretty close on there..
Have fun and post up the pics as you go!