I believe all that is different is the anvil, 1/2 to 3/4 and the mode power is different. The 2764 (3/4 drive) I bought is rated at 375ftlbs mode one, fwd and 750 fwd mode two. 1200 reverse. Compared to the 1/2 model (2763). 100ftlbs mode 1 and 700ft lbs mode two. 1100ftlbs reverse.
I did a little testing this afternoon.
I couldn't get over 150ft lbs in mode 1. Grade 8 bolt locked in my big Record vise.. 5/8 thread 15/16 head/socket. 3/4 impact 15/16 socket on the gun. I tried on a wheel stud as well (13/16 socket, not sure of thread size?) same results with 3/4 to 1/2 adapter 1/2 socket? Reverse seemed the same, it would not back it off either. I had to switch to mode two, which is much much more powerful.
In mode two it was drastically different. I didn't want to snap the wheel stud and only tried it on 5/8 bolt. Accordingly, my torque wrench maxed out at 250ftlbs, so I couldn't measure how much it applied at max, but it was tight enough for that size bolt.
It could be the software is set for the 1/2 version, as these new guns are rather advanced?