It kinda sounds like they recorded the signal on 2 tracks with a distortion pedal on 1 track and have reverse reverb with delay on the 2nd track? But this was recorded in '77. Not sure they had reverse reverb back then?
I'm sick right now so my hearing isn't at its best, but I hear the effect you're most interested in (the "reverse reverb").
I believe the main guitar is phase + distortion.
A lot can be done in a studio that can't be directly replicated later. The Hendrix backwards solos were done by physically flipping the tape over on the tape recorder, so the rest of the track is backwards while you're playing/tracking the solo. You develop the solo with the song playing forward, and track a take. Then you flip the tape, and learn your solo backwards; print a track of you playing the solo with the rest of the track playing backwards. Then you flip the tape again, the rest of the track is playing normally and the solo is now backwards.
Reverse Reverb is done the same way, except you're printing the signal from your reverb onto a track. Normally, you wouldn't print any effects onto tape until you're doing a 2-track mix of the song (this being the old days when 8-track recording was a luxury, much less 16- or 24-track).
I'm not convinced the sound on the track is reverse reverb, per se (but again, I can't hear well now). A different approach would be to print reverb to a track, but use the mixing board's send-level (an effects send, but often for reverb in older studio installations) to control signal level sent to a plate or chamber reverb. If the signal sent to the reverb is heavy compressed to remove the attack, and if there's no dry signal to go with a plate reverb (which can tend to swell anyway), you can get sounds as heard on that song.
The swell reverb may include some means of delay or regeneration for the signal being be fed to the reverb, which would account for some of the metallic build-up of the sound. Or it could be some feedback of the reverb output back to the input, with the effect being "played at the desk" by manipulating send and feedback levels.
So in a nutshell, I think there's a 2nd guitar/effect track happening alongside the solo itself, with only the reverb being printed, possibly composed of compression and delay of guitar signal maybe with feedback of the reverb. Using the studio as an instrument is my vote...