Should I expect better performance and will it eliminate all bottlenecks as I already have a good kit of memory?
will it be a balanced system
I wouldn't say that a RTX 2070 is being vastly bottlenecked by an i7 7700. But yes, the 10600KF is quite a bit faster compared to your current processor. The system will be balanced and if you decide to upgrade to a better card in the future, like a RTX 3080 or a 6800XT it will go along just fine with the 10600KF.
39 minutes ago, mrigmo said:
don't buy intel garbage processors anymore, holy crap, this is a tech tips forum. Get with it people. Apple makes better CPUs then intel and they are a design company that doesn't own a single fab, and they spend the majority of their money on advertising. Intel COULD have done things differently but unfortunately they set the whole world back at least a decade. Stop giving them your money, they don't deserve it.
It's not fair to say that Intel's current gen processors are garbage. In fact they are pretty good, especially for gaming! Are they competitive, that's an entirely different question. The OP is asking a simple question here, namely is the 10600KF a good enough upgrade compared to his old 7700. The answer to that question is yes. Also, do keep in mind that Ryzen 5000 series is not readily available everywhere and where it is it has quite a markup due to the high demand.