Due to the complete absence of specific plot details or character information related to LGBTQ+ themes for 'Raja Saab, 1969', a comprehensive evaluation of its portrayal is not possible. Therefore, an assessment of its net impact on LGBTQ+ representation cannot be made.

There is currently insufficient information available to assess the film's portrayal of transsexual characters or themes. Without plot details or character descriptions, it is not possible to determine if such depictions exist or their nature.

The movie does not contain any action or adventure elements.

There is no information provided regarding source material, previous adaptations, or historical figures for the 1969 film "Raja Saab." Without this context, it is impossible to determine if any character's gender was changed from an established baseline.

The film is an Indian production starring Indian actors. No information is provided regarding any source material (novel, comic, prior film) or historical figures that would establish a canonical race for its characters before this film's production. Therefore, it is not possible to determine if a race swap occurred.