The 1968 will have a carbon steel driveshaft that, if it isn't already, will rust below the water pump and allow water into the gear case. It was along about mid 1970s when Mercury got on the Stainless Steel bandwagon with their driveshafts. I believe 1973 to 1977 will be a direct fit. 1978-1980 should work, too.
Even if you do use parts from the 1968, you'd need to swap shafts around, as the lower units are different - opposite shift patterns. I believe the switch over for shift pattern was about 1971.