The comments as to the "Nema-1" enclosure got me thinking...I'm not sure I've ever seen an enclosure of this vintage that would meet any sort of "outdoor" spec.
I agree there may have been no NEMA 3R standard at that time.
I still would think outdoor units where available or that this one says something about dry location use.
But who knows, it's still working it must be OK.
Bob
Bob Badger Construction & Maintenance Electrician Massachusetts