If you want to duplicate that sound, that's one way to do it. However most drummers/producers abhor that sound these days, and it's a contributing factor to the general disdain and misconceptions drummers have about single headed toms.
One of the benefits of the improvement in head technology is that certain drum types - concert toms, stainless steel, and acrylics - can sound better now than they ever did before. But it's also worth noting that Hydraulics have improved as well, and today's heads aren't nearly as dead as they were in the '70s.
So in reality, even using a new Hydraulic head will yield a better sound than from 40 years ago. But it's easy enough to deaden it and get a true '70s sound.
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