I have been asked to take a look at this question. I hope you can appreciate how difficult it is, because we can not hear what you are hearing in your mind or memory.
Many songs get revived, re-worked, etc,and artists copy each other's songs after copyrights have expired.
There was a one hit wonder singing a similar song several years ago called Gary O'Conner Or "Gary O" In early 1981 his self-titled debut album was released on Capitol and featured several radio hits including "All The Young Heroes"
here is a Utube video of Gary O (but not your song, sorry)
I provided this to you so you can see if his style and sound is what you remember.
It appears on an album by the name "Gary O". I do not believe it was cut as a single.
the album is for sales on Amazon.com.
Perhaps if you contact one of the album owners they can verify the lyrics.
Thank you for the feedback and your comments. I got it, thanks.