What is the type of your 50 hp. Is it the "normal" 50 (698 cm¤)or is it the 50 (849 cm¤)?? If it's the bigger one, then the lower unit will fit the 70hp engine.

There is a smaller prop axle in the 50 (849 cm¤) than on the 70hp. The type is G-axle on the normal 50 and the "Big 50", and the 70's axle is K-type.

The "Big 50" is called Pro50 or 50G here in Finland.