Auto Manufactures began de-rating engines in the early 70's
For example, '70 200 cid I-6 was rated 120 HP. In '75 it was rated 75 HP.
(I understand this was done for smog/emission law reasons)
Logic dictates the 30 cubes adds something...the 170 cid I-6 was rated 105 HP. in '70
They're both strong, torquey motors with 6 main bearings.
Check your block #....just right of the starter, it could already be a 200.
I really doubt there's any real "seat of the pants" noticable difference between the two.
Mine's a 200 with a 250 head & it's an ass-kicker out on the trails....but mostly because of the 456's in the pumpkins. (411's are better for hwy.)
fordsix.com
This site will give you a cross ref. for your block & head #'s
Your #'s will be C6CE or the like.
Sooooooo, to answer your question, I think I would fresh'n up the 170. (Unless, you live above 5000ft. level & your hwy. runs are all up-hill grades)
If, down the road, you run across a 200 for next to nothing.... then it's decision time.
HTH,

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Bob