Actually, you've got most of it. But do note that the 77/78 750's had a 10mm "shoulder" on the upper LH shock mount (on the frame) to keep that shock straight. Otherwise, the wider swing arm's lower mount will be further out than the upper mount, causing the shock to be off kilter. Dig?
The newer swing arm will drop right in - no spacers needed. But you will have to lose your chain guard, as it will be too close to your LH shock.
Best way to remedy all of this: use your stock swing arm, stock wheel & carrier, and use a 10mm offset rear sprocket from CycleX.