OK, so you are saying that the driveshaft is seized into the lower bronze bushing on the gear housing, the driveshaft won’t turn?? You could try tapping the driveshaft downward a bit from the top to see if it will free up. Can you pull the pinion off the driveshaft?
I’m betting that older gearcase assembly will bolt up to your newer engine….Compare the height of both driveshafts from the deck of the gear housing to the top of the splines. The newer unit is apart so you can’t measure the shift rod.