So I just swapped it over and it all boots but Libreelec says the CPU is a ARM7 Processor Rev4 (v71) Is that right?
Will it just see all the new hardware bits and work better?
The LE image is the same for 3B and 3B+. Hardware differences will be detected on boot sequence. Processor info is wrong, but it doesn't matters (you will have the extra speed, anyway). Your installation is fine.