My stock 1979 GS850 rotors were slightly warped and I wanted to do an easy upgrade for riding in wet conditions, so I opted to get the 1980 and up slotted / drilled rotors. I also got the matching calipers. The rotors bolt on, and are the same size (to my eye, anyways). The calipers, however, do NOT fit.
'81 calipers on a '79 DO NOT WORK. The rotor bottoms out in the calipers before you can align the calipers to the mounting holes on the fork. Not awful news, though, as it seems 79 calipers work just fine (my opinion after ~10 miles of riding) with the 81 rotors.
Time will tell if the circular brake pads wear poorly, but the brakes function in the meantime, and I'm quite pleased about that.
TL;DR 81 rotors on a 79 work, but the same isn't true with calipers
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