Sean,
Thanks for the response! My current goals are: get title, get registration, get valves and carbs adjusted / sync'ed. It's taken me around town a few times on temp tags (since expired - never made it into the sheriff's office before the snow came), and noticed a few issues, mostly at idle. Sometimes it'll have problems not dying when slowing down to a stoplight, and other times it'll idle at 3k (or so), hands off the bars. Confusing stuff. And then after that, get the ignition to be not a pain-in-the-butt. Maybe hit up hondaman (he's in my town) - anything to make me confident enough to leave the starter spray at home.
Oh, and the right side electrical controls are completely borked. Kill/run switch doesn't do anything when you put it to "kill" and the plastic components of the starter button are totally disintegrated. Actually, the previous owner (or the guy before him) just yanked the leads and wired them up to a fairly ghetto-looking button on the handlebars to run the starter. Classy.
-Preach