Fred, vehicles prior to 1 January 1960 are MOT exempt and paying road tax exempt, but must still be registered. I think the road tax exemption date is now for vehicles manufactured prior to 1977. In all cases the vehicle must still be kept road worthy if used on public roads.
Recently the MOT situation changed regarding lights and I could not work it out completely. As far as the kickup goes the situation is very strick now and there are Youtube videos that show what is required. But as far as those new style headlights without kickup I am not to sure. It seems they are acceptabe in the UK only if they carry an E mark for EU approval. But this was where I got lost because there are UK suppliers selling non-E marked lenses. Compliant headlights are only required for night riding, if they are not compliant then you can get a daytime only MOT. I do not know where acetylene lamps come into all this but an interesting question. I love the smell of calcium carbide.
Regarding the Yambits headlight, there is a questions as to whether or not they can be fitted to an XS2 without those W shaped spring clips.