Yes, tcase outputs are both offset to the passenger side. Land Cruisers have an offset rear diff where yours is centered. The "4spd" transfer case is really a misnomer, but it's what everyone calls it. There was a cast aluminum transfer case for land cruisers from 1963 - 1974 that had hi-lo, 2wd/4wd mated to the three-speed transmission. That's style #1. Then there was a similar but different tcase mated to the 4spd transmission from 1974 to 1982. (I think it was 1982.) That's style #2. By "4spd" tcase I mean 1974-1982.
I sure would like to sell this thing, but it's probably not for you. I'm selling it with a very rare and desireable SM465 10-spline adapter, which wouldn't be worth much to you with your 700R4, and it's setup for a cruiser offset rear axle.
Let me know if you've got more questions. And everyone else: Please buy my doubler.