[img]Thanks for the input everyone! Every bit of it was quite helpful to this odd mystery. and like some kind of mystery, we can now piece this together. I have to apologize for not mentioning a few details before. The original owner told me that he installed the motor that was on the bike and that he got it off a '71 parts bike. However, I checked the motor number and it's a '77 motor as I stated. The next detail that I should have mentioned was that the sprocket on that motor appeared that it had been offset on both sides, but the offset on one side looks to have been ground off to make it flat. It had a little side to side slop on the shaft. I used the sprocket that came with the extra motor that i installed, which had offsets on both sides and no slop, since it appeared to not have been tampered with. Both were 18 tooth 530 sprockets with the two threaded holes on either side of the center which I now believe to be pre-77 stock sprockets. The chain is a 530 o-ring chain. I found a sprocket site with some dimensions. The stock 630 front sprocket on 77-78 cb750s is 10.7mm wide with an offset on only one side and no threaded holes, while the stock 530 sprocket used up to '76 is 12.7mm wide with offset on both sides and the 2 threaded holes. My conclusion is that the first motor on my bike came out of the '71 bike, and as scottly stated, the 77 motor had the bigger offset on the shaft, so someone had to "customize" the '71sprocket by grinding the offset off and facing that side in to work in the '71 bike. The other sprocket was also from a pre-77 bike which explains the lack of side to side slop.
I called jt sprockets and got the part number of a 17tooth 530 front sprocket that has the correct 10.7 width and spline dimensions. (530 so I don't have to replace the rear sprocket or chain) They were very helpful. It turned out to be an '82 CB650 front sprocket. I doubt that will help the cover-rubbing issue, but will at least be the right style of sprocket (with a little side to side play as bollingball stated is normal). I also removed the rear wheel and swingarm, measured the swingarm and frame, reassembled and determined there are no serious defects and the rear wheel is in alignment. As far as the rubbing goes, could it be 1.) the sprocket cover leaves too small an opening because it's from a pre-77 bike before the 10mm further out output shaft? or 2.) an O-ring chain is too wide to fit past the cover? I apologize for the very long post.