It does look like the Black Eagle, maybe with the standard mishap to the headstock sort-of repaired hence the Fenderish blob at the end.
I thought a different video might be clearer but he's playing a different bass. No decent shot of it until 1:20, that's a 2+2 headstock, possibly a Gibson but I'm no expert.
According to Wikipedia, Gary Taylor was the bassist. There was also a Gary Taylor who was the bassist for The Herd and, in the late 70s, Gerry Rafferty, so that may be the same one.
https://rateyourmusic.com/artist/gary_taylor_f2/credits/