Installing an old system over a newer one?

[Catherine]

I've read the Jagshouse FAQ on dual booting Macs, but I didn't see it 
mentioned whether or not it'd work if you installed an older system on 
a newer one, in this case the machine, a Performa 6214, is currently 
running 9.0.4, and I'd like to try 7.5.5 on it to speed it up a bit as 
I got an install disc at a garage sale...  Is it just the same process, 
renaming the old System folder and moving the old Finder, or will it 
not work?

And if you're hiding the finder, does the machine just instantly crash 
and let you boot  up from the installer, or can you shut it down more 
or less normally?

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