I have some copy microfilm that is only about 5 years old. I find using it with an EI ("ISO") of 3 to 6 seems to work. Someone may give you a better EI range, and you may find a spec sheet online with some information.
You probably won't get good continuous tones, as the film was not made for pictorial use. That said, it can be fun, and you can get some interesting pictures. I have a friend at work that just loves the results.
Your film is much older, but was probably very low ISO as well, so it has probably aged gracefully.
My Sears KS-2 (Ricoh XR-7) can handle it without the perfs. Flatness is not an issue (the pressure plate helps with that), but the frame spacing can be a bit inconsistent without perforations. However, the frames don't overlap. Since it was given to you, and you have 400 feet, just try some. Sacrifice a bit to test in your camera with the back open so you can see if it advances well. If your camera can handle it, load up a cassette and try it. Bracket your photos, perhaps from EI of 3, 6, 12 and 24 to start. Develop, and go from there.