What the real problem is, is a lack of information. I can't only tell you that if the bike is still in stock trim, you should not have an issue. However, if someone has made modifications, therein may lie the root of the issue, which is in no way generic to a 1978 CB550K.
Until better informed, I'll suggest the ground returns have been corrupted and are ill understood. Device power needs two distinct paths, both to AND from the battery. Ignore either and problems are likely to ensue.
If your bike is still stock, the Honda shop manual K3 wire diagram should help you track down failed connections.