Office Suites Custom Installation

I own Microsoft Office Professional 2007 which comes with Outlook 2007 with Business Contact Manager and Office Home and Student 2007 which comes with OneNote2007.
UserA running Office Professional doesn’t use Outlook and needs OneNote.
UserB running Office Home and Student doesn’t use OneNote and needs Outlook.
Can I uninstall UserA’s Outlook and install it on UserB’s laptop and Uninstall UserB’s OneNote and install it on UserA’s laptop. If so, how, the Custom Installation feature was not easy to use?