Here we go
All gs 400-500 bases are the same from 1980 on, Only a few things get upgraded over the years
Clutch pushrod
clutch cable drive
clutch itself.
a few seals and gaskets.
and a few other things.
. All upgrades are backwards compatible with all engine years.
Only big differences are the obvious ones. like head and block.
In 2006 they added a different bottom half that gives it ports for an oil cooler. and hey if you can get one of those, definitely go for that one.
Oh and the 500's as well as some E model 400 and 450's have a reverse shift drum so that you can run the shifter backwards instead of forwards.
All before that are the same.
Some 500's have the recirculation ports on the front that are easily blocked off.
Carbs for the 500 are better but yours will work with a few jetting changes.
Actually they are pretty close to what you already have.
The ignitor for the 450 is different but would work.
the difference is the advance curve.
The 500 has a curve that comes on later. IT stays less advanced until the engine is reving higher.
The 450 ignitor advances sooner than that. I think the 500 would be able to use your ignitor and your advance mechanism and actually like the sooner advance curve. OR you could just use all the 500's stuff.
It all bolts on the same way and you could just use tighter springs for the 450's rotor and it would do the same job as the 500's ignitor.
The 500's ignitor has build in advance and a staic rotor.
The 450 has a dynamic rotor and a static ignitor.
For the amount of work your doing to drop a 500 in there its way cheaper to replace all the gaskets and seals in your engine.
And the performance won't be that great in comparison.
To fit the engine in there and use the the pipes the way they are you could drop a 450 head on the 500 bottom end. You would have to measure the combustion chamber volume to see what the new compression ratio would be and adjust for that but it would work.
You could drop a set of 500 cylinders and pistons on yours and be good to go with less work.
I think I've answered this one quite a few times.
Check through my past post's and you'll find some good info for the 400-500's