It would depend on alot of the specifics whether this is a worthwile project.
IE. Does your existing Pro have a hole blown out the case? Do you already own the sled? Do you already have a 700 CFI-4 motor and electronics to install? Do you think the 700 CFI-4 is more reliable than the 800 CFI-2 and is this the justification?
Personally, the 600 CFI-2 would be a much better way to go. The 600 can easily be made into a 660 (700 pistons) and still retain factory all of the factory parts. A Carl's 660 WILL run with a good running 800 (and most of thime better) UNTIL the snow depth gets 3 feet plus. Taking this into account and the much better mapping the 2 injector provides not to mention the fun factor that cannot be explained into words with the 600/660, this would be a much better route.
And the stock 600 CFI-2 is no slouch either.
Don't forget, the 700 CFI-4 is still hampered with the same electronics as the 800 CFI-4 which has been the biggest weak link of all of the IQ-RAW chassis EFI sleds produced from 2007-2010. And while it doesn't get the press due to the percentages of sleds built and ownership, the 700 is NOT bulletproof nor is the "snowest" image that it doesn't have issue's totally true.
Please don't think I'm saying the 700 is garbage. It's not and neither is the 800. Up until this past season, I had rebuilt more 700 CFI's than I had 800 CFI's. Both are sweet running motors.
BTW, if you really are committed on this path, give Curt at Fastrax a call. If I remember correctly, he built a sweet T-Pro with the 700 CFI-4. I'm sure he would/could give you all of the in's and out's.