I am leaning toward 1966 on this for a couple of reasons.
1. The baseball bat tone control would have been unlikely on a May 1968 drum, as the switch to the round knob on non-marching drums seems to have occurred in the March 1968 time frame. An Acrolite from May 1968 would likely have had a small knurled knob rather than a baseball bat.
2. The last digit in the date stamp does not quite look the same as the "8" that I have seen on other 1968 date stamps. The bottom of the number on the subject drum looks too rounded when compared to the 8 seen on the attached stamps. These 8s are not two circles touching, but the intersection is more like an X. To me, it looks more like the bottom of a 6 than an 8. The stamp on the subject drum was applied at an angle rather than vertically. When stamps are vertical (perpendicular to the edge), there is less distortion. When they are not vertical, stamps are often incomplete, distorted or both.
3. The serial number is more consistent with a 1966 date.
That said, I cannot explain the hoops, as I do not know when different hoops were used. I defer to vintagemore2000 on that one. It raises the questions in my mind - When did the switch in hoop composition occur? Has this been tracked and identified?
Perhaps this has been modified or simply was a factory original drum with a slightly peculiar combination of parts. If anything is not as it was coming from the factory, it does not appear to be the date stamp or the badge, as the grommet looks clean. The tone control or the hoops could have been changed.
Markrocks - can you look closely at the tone control and see if it looks original?
Rick