If someone would return my book
i could tell you alot. You may loose some compression is one thing, so you will want to compare combustion chamber size in 77 heads vs 74.
-Is the rocker arm set-up better on the 77 heads? I know they switched to the late model design (somewhere around that year) that put less wear on the valve guides. If so, that's a positive.
-If the heads are good and free and the 74 are bad, i'd do it. I would'nt go out and buy some 77 heads, and I wouldn't spend much on them like having the guides replaced. You could easily sink $500 in them, when for a little more you could have some nice heads.
-There is a lot of misc work and costs involved. One mine anyways, if I touch one thing two things tear up in the process. Murphy's Law.