[I have a friends Remington sportsman 74 auto rifle. As I understand it they are the last in the line of the 740, 742, model 4, 7400 series.]
The 740 was the earliest of those, followed by the "improved" Model 742.
The 7400 was an "improvement" over the 742, with the Model Four just a "Deluxe" version of the 7400.
The 74 is more properly the econo-version of the Model 7400.
I've owned/shot/hunted with 742's, 7400's & Four's, w/o any issues, but am scrupulous about keeping the chambers clean - a little habit I picked up during a long ago exotic Southeastern Asian vacation, my Uncle Sam sent me on.
.