I flew the 680 with the 720s many years ago. The biggest difference was fuel flow. The 720s burned about 10gph less than the 540s.
I felt the 720s were kind of short on power. Seemed like it just did not have enough prop on it.
Simpler engine and probably less MX on the 720s but I would stick with the IGSO540s.
Geared engines are very strong performers.