Most people will say that the 62t cylinder can be bored up to 84mm, which would put you around 753cc's. There will be some performance increase from the bigger displacement, and also because with the bigger displacement you will have a higher compression ratio unless your head is modified to match. There are potential issues with the shape/fit of the top of the piston and the head if you do not modify the head, but some people do it and get away with it. If you have an ADA head the "701" domes are okay up to 83mm dome but won't work (or at least not reccomended by ADA) for the 84mm dome.
So the two strategies here are basically to go the minimum overbore you can and leave yourself the most room for future repairs, or go the max bore and get the most displacement, or somewhere in between. Depends on where you put the priority between a slight increase in power or not having to replace the cylinder in the future.
The 760 cylinder has different port timing. A lot of people say they are more oriented to higher rpm, I don't know how much different it is in reality performance wise, but I have physically measured the port timing and it is different, and it is higher on the exhaust port which is usually better for higher rpms. It's not a huge difference. Most people are comparing to a 61x cylinder, your 62t cylinder has higher port timing than a 61x cylinder, and the 760 will be a bit higher yet.
Also the 760 has different dome sizes and different compression ratio between the two cylinders, and if you use the ignition from the 760 it will have slightly different ignition curves for the two cylinders. It had to do with detonation in the rear cylinder supposedly caused by twisting of the crank under heavy load pushing a big couch watercraft.
The stock 760 has bigger carbs, (44mm) where the 62t 701 has 38's, I would imagine it would run alright with the 38's.
If you're dealing with a more or less stock motor and you just want it to run, I would be going the minimum overbore to clean it up, but it's your motor and your priorities.