Yes, but isn't that also roughly when modern sport climbing started?
Nylon ropes for climbing were introduced about 55y ago, though, I don't know when they became wide spread. Same for modern harness, modern bolts and quick draws. So your ~40y ago might be roughly correct.
Modern sport climbing started, I would argue, around that time. For instance, Red Pointing was popularized in the 70ties [2].
Also interesting is, that Phoenix, the first 7c+, the grade of the route in the Free Solo movie, was climbed in 1977 [3,4] and first free soloed in 2011 (also by Honold).
[1] https://en.wikipedia.org/wiki/Kernmantle_rope [2] https://en.wikipedia.org/wiki/Redpoint_(climbing) [3] https://www.emontana.cz/climbing-milestones-from-6a-to-9c/