I e owned a few rd350s and an R5 in the past, so I have an idea about the interchangeability of most of the rd and ds7 parts with the r5.
You can run an RD air box in the R5. The rd just has a rubber boot on the bottom of the box. The RD lid is a bit different, but could be modified to make it fit. The rubber carb boots are pretty easy to find on ebay if you know what to cross reference. The last two I bought were about $18/pc. Not cheap, but they're out there and brand new.
The tail light came in two different styles as far as I'm aware. I can't remember if they switched in '71 or '72, but the lens got larger. I believe the brackets are the same.
I have a parts RD350, but unfortunately, it's missing most of the parts my R5 is. I do have fenders on it, but they're pitted beyond repair. The front fender from my last R5 went on my RD350, so I know they do interchange in that direction. If I remember right, the RD has fender stays that need mounting tabs and the r5 doesn't. I don't imagine they would swap in the other direction.
As far as carbs, I'm a huge fan of the koso carbs. They're cheap, easy to tune, and provide superior performance to old mikuni round slides. I think I'm going to go for a couple 30mm powerjet Kosos. My old Suzuki t350 (only 315cc) cane stock with a mikuni 32 vs the mikuni 28 on the r5 which is much closer to actually being a 21 incher. I don't want to lose low end, so I'm not going as far as a 32. All PWK carbs up to 32mm will fit perfectly in the stock carb boot.
Thanks for your input on the parts! Let me know if you have any more questions on the carbs!
Eric