I just reread your post. If your 70 is propped right you should see decent performance with it. Those engines are known to run for ever. Power will be marginal for pulling a skier or tuber if over propped. It is a lighter engine, a bonus on these boats. Run it and see how it performs. If it doesn't do what you want someone will always buy an engine in that size and power range.
I have a 76 170. The max hp is 115.