Ohhh, that's a tough one. Specifically I believe that the 1979 has the one piece lower unit while the 77 has a two piece and they will NOT swap. However, I am not sure if the 79 has Prestolite ignition or Motorola. If it is Motorola--that is has a distributor- then everything on the engine will swap. If it is Prestolite non-distributor, then none of the ignition components will swap UNLESS you use all of them and modify the block slightly to accept the stator mount.
You can try the Prestolite rectifier but understand that it is NOT regulated like the Motorola regulator/rectifier.
If it does have the one piece lower unit I strongly suggest that you swap your good 90 HP block onto the leg. You will have a much better choice of propellers.and the one piece lower is much more efficient. It also has a larger water pump. Understand though that if the lower unit is the 1.76 ratio, there will be some loss in performance.
If both engines are two piece lower units (18 spline prop with thrust pin) then everything will swap BUT-- I don't know if the 700 has a 2 to 1 lower unit ratio. Your 90 DOES have a 2 to 1 lower.