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LC 78 is 223 brass made in the Lake City plant near Minneapolis, Minnesota. Sounds like it was resized to 222 Rem and not trimmed. I make 222 Rem brass from 223 a lot and that is how they look...

That Model 70 is massive, the same action size as a 30-06 but a great shooter and fairly rare, I put target springs in the original trigger and it is nice.

The 222 Rem is one of my favorites, I have a heavy varmint rifle for Prairie dogs, ground squirrels and targets, Savage action , I use Benchmark and 40gr NBT's in it . A late Vixen with a floor...