Is this a fair price to refurbish AC hoses.

If they are in good shape use them. A 74 should have a manifold type condenser which is more efficient. Make sure you run a shroud and good clutch fan. Using 134 you only need 75% of the R12 charge. A lot of people think more gas = more cooling. I slowly add 134 until the low side hose at the firewall starts to get really cold. I'm in FL and on a hot 90* day my high side pressure runs 250.

I got a revised quote and it is now 539.99. Now the decision will be very easy, I will have them send them back to me and take a chance that they are in good condition.
My AC system is totally original and I want to go with 134. I've been told to keep the original compressor as they are built like a tank. I will have the compressor rebuilt and have my AC guy put it all together with 134 and hope for the best.
Thanks for all the comments. Gary