Dear Gents,
I'm a long time reader, first time submitter. I have a CB750 K2. I purchased the PAMCO just yesterday and completed the install today. In the end, i got the bike running just fine after purchasing the 'ULTIMATE' kit from CB750supply.com
I ran into the same advance problem as described earlier. I.e. The advance mechanism being caught, thus not advancing due to the pin/slot problem. I'm in Australia so i decided to fix it myself. What i found was I had to drill a small 3mm hole (2mm would have worked as well) to make way for the pin. Its important to note which lug opening to drill as only one side needs doing. I.e. If you look at the 2nd and 3rd pictures, make note of the magnet position as this will tell you which side you need to drill. If you do this, you will get full travel with your advancer.
I also found that I had to file a little off the grooves on the rotor, but don't do this unless you find you have too as your mileage may vary.
Also, the last picture shows the PAMCO plate installed. I ended up drilling a small hole (bottom red arrow) so I could neatly insert a cable tie from the rear and hold back the cable from getting snagged on the rotor. I also found that the rotors face must be flush, so you might need to do some slight clean up with a sharp razor. i found I had to as my advance was a bit 'sticky' until i did this and also put a smear of grease on the face.
Apart from the above, the bike seems to be running quite well with plenty of bite.
One more note, I found that the timing was a bit jumpy (not much) at idle using the strobe light. Instead, I timed it at full advance at ~ 4000 rpms which seemed to be steadier and more consistent, then re-checked that it was in the ballpark at idle, which it was.
Hope this helps
cheers
Alex