Hi all, I recently bought a 1978 CB550
Your thread title says F model, yet Honda only offered the K model in 78. ?? F models were only offered in 75-77
There's a lot different between them. Hard to specify a proper approach without knowing more AND if the air induction and exhaust are still stock. These latter changes often destroy the nice operation of this bike.
...and I have discovered some issues with it and I wondered if anyone had any ideas on what to check for / how to fix them at all: -
1st I have noticed some tiny bubbles and a little bit of a leak around the head gasket on the right side when the bike is running, they seem to go away once it is warmer and I guess things have expanded, will this need to be replaced?
This is quite common and is normally the small oring that seals the oil passage going to the cam area. It is NOT the head gasket. Although the o ring is on the same surface as the head gasket.
A re-torque will do nothing for a hardened and shrunken oring. And, over torquing can snap a cylinder stud. The cam cover/cylinder cover must be removed to do that anyway. Further, if you don't put the cam cover back on correctly it is very easy to bend valves which creates far more costly and time consuming problems to solve.
If you are anal about having the engine totally oil tight, then you have little choice but to replace the entire top end gasket set including the cylinder base gasket, which means pulling the cylinder block off the pistons. It's not a task for the inexperienced.
I have several 550s and most of them "weep" a bit of oil at the end of the cylinder block. The engines run too good to take them apart for such a minor inconvenience, so I just wipe them off periodically. Some have reported that fresh oil and bit of run time slows the weep down or stops it. Some oils have additives to keep orings soft and pliable.
2nd Performance is not great, it really struggles quite a bit to get to 70 mph yet it sounds fine and revs freely, rides up to 50 / 60 mph it seems happy.
It does sound like you have cylinder cutting out. Have you checked for even heap pipe heat?
But, beyond that, the routine 3000 mile tune up check list should be performed before any other corrective action is taken.
Plugs, points, timing, cam chain adjust, tappet clearances, and air filter should all be renewed if you don't know their definite history.
A compression test is nice to have, if for no other reason than future reference.
3rd I seem to get a fair delay in the throttle response and sometimes a dip before the power kicks in when putting a fair amount of throttle on.
This could be due to exhaust and air filter issues, or unreasonable expectations on your part. 550 carbs (either style) have no accelerator pumps. When you open the throttle there is a sudden volume increase in inlet air, but, also the vacuum level falls which is what is pulling the fuel through metering jets, hence the wheeze/stumble from a too lean A/F mixture. For this reason, the pilot circuit is adjusted over rich at idle position. A filter or exhaust change (for the 78) can make the pilot circuit lean, and exacerbate the issue. Normally you can: in any gear snap the throttle up to 1/2 of total available travel and get a smooth and reliable pick up of engine RPM. Of course higher gear won't be too quick from low RPM. But, it should do it without complaint.
This is the nature of this carb style and the engines need for RPM to make power (Note the high red line on the tach?)
I checked that it was firing on all cylinders and everything seems ok in that respect at least.
Please confirm with the head pipe heat test. But, I have had a 550 where one carb went too rich above about 4000 RPM and failed a cylinder at speed. The carb bodies were corroded inside.
You might check the a ignition advance sytem is operating correctly.
And a report of what the spark plug deposits are for each cylinder would also help us.
Cheers,