The 470 is the later of the MC-1 transom assemblies, but it makes little difference. If you plan on putting the 165 into the boat that currently has the 470, just pull the drive, pull the 470 engine out, swap the exhaust pipes over, drop the 165 engine in (complete), it should even line up to the same holes for the front mounting.
The inner plates may be slightly different. You should be able to use the 470 plate with the 165 engine. Can't remember if there's a difference in the mounting of the shift plate. If there's is, they are interchangeable.
Chris.........