Re: Interchangable Lower unit...
I think that you have the 20"., measured roughly from the top of the anti-ventilation plate to the underside of the transom bracket where it sits on the transom. That is good, because you have a lot of gearcases available.
The 14-1/2 inch diameter prop will not fit on the smaller gearcases with the 13 spline propshaft, so if you want to keep using that prop, get the larger gearcase. If the prop is not that good, it won't matter.
The larger gearcase have different gears, depending on what motors they were used on, but most of the larger V4 units were 12:27 or .44.
I have two V6 gearcases, one from 1990, the other from 1991; both have 14:26 or .54 gears. You have to allow for that difference in selecting propellers, so try to find out as much as possible before purchase.
The V6 shift rods don't fit my V4 motor, so they probably won't fit yours either. Fortunately they are easy to switch, so it only matters if you don't have a good shift rod now. I have been trying to find a spare 25" shift rod for a V4 for 3 months, now so be aware that they are not instantly available, and that they want $70 for a new one.
DHadley is a veteran with these motors and a professional, so pay attention to his advise, as it is far better grounded than mine.
My biggest mistakes in switching gearcases were getting the wrong shift rods [even though I specifically asked for the correct ones] and assuming that I would be able to use the valuable propellers that I had.