Yep. The pre pollution L34 style air cleaner is a nice touch.
To be “correct” (if you could use this word to apply to a 308 in a LJ) it probably should have pointed to the driver’s side headlight like a HT to 8/73 HQ 308. Unless it is a late 1973 on car then it should be the same as an LH. Probably should have had 5.0L or 5000 stickers on it too as Torana were metric. Doesn’t matter though, a semi-period dressed red 308 in an LC or LJ is cool in my books. I like the car’s colour too.