Re: Question about transom weight.
You are correct in that especially today's 4 stroke outboards are considerably heavier than old 2 stroke technology. It can be as much as 20-40% heavier than a comporable-power 2 stroke, depending on model.
Unless you can find a marine surveror who's willing to go out on a limb, I think you're going to have trouble getting any answer beyond, "You should be ok with a XX HP. Probably. Maybe."
What I'd suggest is that you weigh your blown engine before you get rid of it. The best way may be to find a truck scale and do a weigh-in before you have the engine taken off and then weigh out after it's off to determine the weight.
Once you know the original engine weight, you'll at least know what should be a reasonably safe weight. From there, you may get some input or have some ideas on your own about how much you can increase the weight. You say your boat is rated for 90 max, but what do you have on it now? If it's a 75 HP, then you should have some scope to increase weight assuming, of course that the transom is in good condition. Back to the idea of a surveyor.
This may all be academic, however. Are you really even considering a 4 stroke? You certainly could, but the cost would be significant and on a 1975 boat, the engine would be worth vastly more than the boat itself, so resale (if that's even a consideration) without taking a loss would be an issue.
On the other hand, there are plenty of servicable 1980s vintage 2-strokes available at reasonable cost and many of them may be very close to the weight of your original engine.
Grouse