What gearbox are you planning to use? I ask this because the 500 bell-housing will NOT fit a '126' crankcase.
Where about are you? It might be that there is a Forum member close to you who could (metaphorically speaking) 'hold your hand' It is not a difficult job, but the 650 engine will come with an alternator, so there will be some wiring requiring changing, the 650 engine will probably have a Weber 28 IMB carb with a fuel-return outlet so you will have to attend to that. How complete is the 650 engine?