find out the problem first I might do a compresion test an a leak down test on the motor to see if that is why it ran poorly to begin with. If it shifted through all 5 gears an didnt leak IMO i wouldnt crack the case
But if you do vesrah gaskit 100.00 seal kit 40.00 rings 100.00 hone 100 lapp valves 100 bearings 30-40 bucks
impact driver 10.00 vcb clutch plates an springs 45ish stainless bolt kit 40.00
get a good shop book, label an platic bag your parts use the right tools an ask questions an enjoy yourself.
Is this more than I should take on? thats up to you
paul
You cannot just take valves out and lap them. Once you take the valves out then you will see the hardened dried up valve guide seals and you need to replace those.
Then if you find out the valves wobble in the guides you cannot just put them back in and run it. You need to put in some new valve guides.
Either you rebuild the engine properly or you leave it alone.
Why not do it all? Then you have something of value.
Do you want it just half done? All clean and looking good but the engine is dirty and runs poorly,smokes etc.,. Remember it is 30 years old!! The engine really needs to come out of the bike and be inspected and some parts renewed.
If you do not want to do it then find a good shop to do it.
But do your homework do not just give the engine to anyone.
But just think how much a new motorcycle of the same size would cost these days.
They made more CB550's and cb750's than all new motorcycles combined. There are lots of parts.
The world is in a economic depression. This is the time to fix things.
We have more time than money.