and looks like it’s been wet. Flood damage?
Nah, it doesn't look like black mold. Besides, there are none of those brown/murky, wavey water-damage spots on the wood.
Most likely the back of the grille plate has been used as an underlayment for spray painting something else black on top of it.
A bit late to the game, but since I got my pair of vented T75's, after owning and playing non-vented old T75's for years, I preach even more now.
The non-vented ones, from '86 were already an insane improvement over the scooped, fizzy mess that these speakers became later.
The vented ones indeed sound very close to a G12-65 (the former material, Kaptop (T75) vs. fibreglass (G12-65) is the only difference IIRC) and the non-vented ones sound similar, but maybe a tad more muscular and punchy.
As anyone with good experience with the G12-65 can tell you, those speakers will sound smooth, to the point of 'dull/dark' if you don't give them enough volume; e.g. TV/dinner room conversation levels. Crank 'em and they come alive.
The old T75's are more or less the same, but they sound a bit more lively at lower volumes.