No question that atf is better than brake fluid, but I know that GM still used brake fluid (from Buick FSM info) in 1968, which surprised me. Even recommended using a shop towel soaked in brake fluid to wipe down the cylinder rams, too. Further research indicated that Chrysler was still using brake fluid in those years, too. Just what my research uncovered. And brake fluid had been used well before that, too.
I made my comments as a caution, more than anything else, to make sure that no paint damage happened draining/extracting the old 'unknown" fluid.
To me, using some sort of hydraulic oil would have been best, all things considered. But the normal gas station back then would not have had "hydraulic fluid" in stock for sale, much less any specs for such fluid (other than viscosity). Some stations might not have had atf for sale, either. But every gas station would have brake fluid on hand.
Whatever works,
CBODY67