I"m going to call this success, even though I'm not sure that the high and low times should be that asymmetric. I need to give the datasheet a good close read for the timing parameters (the diagram looks very symmetrical, but I glossed over the actual values). I tried (and succeeded and failed, in that order) to build a Colpitts oscillator (because I have a bunch of inverters lying around that this circuit isn't using, so why not?), and I found a source for the MC6875 which (presuming the chips aren't counterfeit) makes all of this merely an academic exercise.
Anyhow, here's the finished circuit and the scope traces (again, I omitted the MRDY section of the circuit, so those chips are a 74LS04 hex inverter on top, and a 74LS76 dual JK flip-flop on the bottom). Now I should be able to hook up the CPU, feed it hard-wired NOPs, and watch the address lines count up (the upper bits, at least. Maybe I should run it a really low clock speed for my first pass, though I expect you might still be able to see the counting if only as LED brightness on different address lines).
UPDATE: No, I take it back, this is NOT success. The datasheet clearly shows that the clock signals are symmetric and that they overlap high and low periods, just that Q transitions lead the corresponding E transitions by 100 ns. I've got to put this circuit on paper, understand EXACTLY what it's supposed to be doing, and figure out where I've gone wrong.