Changing the rear sprocket to 34t will probably require shortening the chain. 19t front possibly get by with adjustment.
Forgive my tired olde eyes, but I can't find a 19t 530 sprocket on Hitchcock s 535GT listing, only a narrow one. My preference would be to do the front (with an oil change) for a look inside the case, and/or a Carberry plate. Cheers!