My understanding is that when the RT generation of London bus was built, there wasn't the concept of main / dipped beam, so there were two switches, one for the nearside headlight, and the other (that later became the main / dip switch, closer to driver's left hand on an RT) for the offside headlight.
The nearside 'spotlight' on RT and RM generation was intended as a 'fog light' and marked as such on the switch panel - arguably these were needed less after the clean air acts.
Yes, RT and RM generation buses were built with a single brake light - RTs and RFs also only had one (small) tail light which also illuminated the rear registration plate. With RMs (as built) the two outer lights were tail lights, the central one was the brake light. I'm not sure there was any special relaxation of rules within the GLC area for this, as some red buses ran outside the GLC area in to the 80s, and the country area buses (many of which were LT buses inherited by London Country and ran in to the 70s) were to the same design and I'm fairly sure they weren't modified.
Many in preservation or heritage PSV use still have the original pattern of lights, although some owners have retro-fitted a higher standard or (with Routemasters) left later modifications in place while restoring to an older livery etc.
Generally speaking, if a road vehicle was built to the standards that were legal at the time, then it does not have to be modified, and can't fail an MOT for that reason (for example vehicles without any direction indicators, or with 'semaphore' direction indicators, cars with no seat belts or no rear seat belts and so on) - although some MOT testers can take a bit of persuading...