There are lots of differences between those two, I don't know how you could confuse the two. The FK05 is a T1, the '007 is a T2.
For starters, the bulkheads on the '007 are much lower, lowering the top deck. The belt to the front differential runs below the top deck on an FK05, above on the T2 series. The wheels are held on by screws instead of a nut, and the wheel bearings are smaller, 5x10 compared to 10x15's. The FK05 rear bulkheads capture the spur gear and layshaft, while the '007 layshaft/spur can be removed by taking the top deck off.
If you have an FK05 sitting next to the '007, you will clearly see the differences. While the FK05 is still a capable club racing car, but you won't be winning Snowbirds with it.