The ring and pinion in that transmission will flip with no problems. If it is a 74, then it is a side-shift. Now that WILL be a problem in the speedster. You will need to change out the rear section of the case to get back to tail-shift. The earlier 914 901's and all 911 901's (obviously) are tail shift.
Of the porsche 5-speed transmissions, the 901 is physically the smallest and should offer fewest fitment issues (other than what is mentioned above).
As far as cooling for the engine goes - will your engine be OK with the lower RPM of the 5-speed on the highway?
angela