A series 80 top end can indeed be placed on a series 70 lower. Or, in my neck of the woods, we would say, "you can put a series 80 slide on a series 70 frame".
However, the firing pin plunger and spring must be removed. If you are going to do it the other way around, there is a little adapter which some body makes which fills up the cut in the series 80 frame.
This is all well and good for a range gun. For serious purposes, I would not want to neuter any safety devices.
Due to dimensional differences, slides will not always interchange on different frames. Feed ramps vary between the 9mm family and the .45, as do ejectors and springs.
Ramped barrels are one solution to the feed ramp problem.
Multi caliber 1911 setups are fun, but I consider them the dark side of handgunning. Darth Vader would like them.