I just read something that apparently I missed earlier. There is a line on the tl-wr740n openwrt support page, under the "Specific Install Notes" section, which says the following:
"The trunk WR740n hardware v1 image works unmodified and it can be flashed through the stock TP-Link web interface (another file exists for version 3). The v1 file was also successfully tested on hardware version 2.5."
Is this correct? But at the moment the trunk version is CC /if I am not mistaken/ and probably that line was written for earlier OpenWRT releases, perhaps AA or BB, or even earlier. So maybe the current trunk release isn't a good idea but BB might work? The support page last modification date is "2015/06/08 12:22" but that doesn't mean it was revised too.
@danymarc, your logic is something along the lines of this: "If DD-WRT has single image for both v1 and v2 hardware, then perhaps OpenWRT v1 image should also support v2 hardware". Am I following you?