Hi all, and big thank you to 754, BPellerine and Jerry Rxman Griffin aka MuthaF'er for taking the time to help an old dullard

Please forgive me, but my advancing years and limited IQ are producing the mother of all confusions...
RECAP:
I started with a K7 frame and in it was a K1 engine (that's a piece of crap!)
I have sourced an additional complete K7 crank case, head, barrels and gearbox (but nothing else)
So I think I get that I can transfer everything I have IN the K1 engine into the K7 crank case EXCEPT the K1 Gear box.
So using all available and compatible parts I will have K1 internals (except gear box) in a K7 crank case, K7 barrels and K7 head with K1 valve gear and it will all work... is that correct?