The SMC version is listed as 1.8f2
Instructions for building a Yosemite install partition/drive are all over the place. A clear and concise version formulated by the poster Hennesie2000 can be found on the Mac Pro (1,1/2,1) Yosemite MacRumors forum:
Hennesie2000's Guide for installing Yosemite on a Mac Pro 1,1 or 2,1 - the boot.efi method.
The additional kext needed are from and can be found in OS X 10.7.5 "Lion" as well as many numerous downloadable resources:
ATI1600Controller
ATIFramebuffer
ATIRadeonX1000
ATIRadeonX1000GA
ATIRadeonX1000GLDriver
ATIRadeonX1000VADriver
ATISupport
Also for working audio, there is a specific AppleHDA.kext to install as well. I believe it can be acquired by and is located in the "Yosemite patch" only download link provided by TMRJIJ on page "1" on this very same forum.
Once the Yosemite install finishes, boot the partition on a another previously installed Mac OS X Volume and use an app like "Kext Wizzard" to install the above listed kexts in your Yosemite System/Library/Extension folder. Once completed, go back into this same folder and delete both the AMDSupport & the AMDFramebuffer kext files. Before restarting, repair the permissions on the Yosemite partition. Also. set up a previously installed Mac OS X partition with automatic login in order to bypass the need for logging in with a password. Restart the Yosemite partition on your iMac and pay close attention to the installation proceedings. When prompted, select the transfer/migrate information from another Mac OS X disk option and transfer the System settings and account information from the drive that you had set up automatic login as explained in the above mentioned step.
Once the migration completes, the Yosemite partition will restart and then boot directly to the desktop. Once this occurs, open Terminal and apply the following command: sudo nvram boot-args="kext-dev-mode=1"
Exit out of terminal and restart. Done.