Thanks guys, I HAVE to get work on the 750 K1. I took the cautionary advice from rototiller and others and spent the day cleaning it up a bit, draining fluids, removing the remnants of the crash bar. Had a good look over, needs a clutch cover (two of four screw bosses missing). The PO lent the bike to his brother and he had a tank slapper, hence the incorrect front signals and repainted tank. All in all though I think it was a good find.
Checked the oil pump and it is operational. The compression was 135/135/140 cold. Spec is 142. I will be going through the engine though.
Leaning on the side stand, looking from the side/rear, with the huge distributor housing with the coil and plug wires coming out, the bike looks absolutely SLEAZY...I love it!
Last post. I will start a thread after the K1 gets some attention.