My 3 cents
OK, so I did the conversion to '72 bumpers on my 74 and when I got the bumpers I had lots of work to do on them. The rear rubber strip is indeed 1 (one) piece, and in my case, the strips must have been removed by a PPPPO and they were actually held on by strips of license plates that someone had cut up and fashioned into 2 inch long retainers and then they used screws with the heads flattened, or shaped so they would not protrude from the make shift channel, so I, not knowing, got some steel strips and formed a channel in them, made the strips a little longer and put the strips (with the screws) into the runner piece and then attached them with nuts and little lock washers. It took a long time but was not really difficult. I thought that was the way it should be done and it came out perfect. 3 coupes later I realized what a dummy I was (am) and now just buy the strips, drill the holes, use proper size pop rivets and put them on the easy way- as described in a recent thread. One note though, when you drill the holes- which takes a little time as they need to be measured after bending them to line up with the bumper- keep the strip perfectly centered (top to bottom) or when you put the rubber strip on there will be a gap on either the top or bottom- Please don't ask me how I know!
It's a fun, low tech job that looks really great when finished,
Good luck!