Go for the 80cc. it helps to have the extra power for the weight of the bike..make sure you get all your bearings upgraded, as the Micargi ones are complete crap. I've used them on a quarter of my builds, and every single on I've wound up replacing. I mounted mine towards the rear and cut the manual chain guard with a dremel to make it all fit nice and tight and had to add an extra chain roller on said manual chain side to guide around the slight interference of the engine. I didn't need longer cables with my Grubee 80cc, though I did need a second drive chain piecemealed together until I found an extra long one on eBay, at which point I used a chain breaker and dropped the master link completely. I also would suggest upgrading the hardware that attaches the drive side wheel tensioner to some high grade nuts and bolts, as the ones that come stock strip.
I dremeled out the inside hole of the drive sprocket to fit the 68cc hub and drilled 6 holes total in the sprocket outwards one full measure of the inside sprocket mount plate, and have been running off that without problems for 4 years, barring the blowout of said craptacular Micargi bearings in the rear hub.
I also found the OCC stingray seat is perfect for this bike. Using it makes the physical positioning on the bike a lot more comfortable than the seat it comes with..I had the drive side chain gaurd off for spraying, but it's now reattached and matching the rest of the bike..