Yeah, what I think has happened was that the guy who rebuilt my head last year didn't put in the new seals I gave him. He also lined two of the exhaust guides with a bronze liner - the other two were fine.
So, 2000 miles and a year later, I'm burning oil like there's no tomorrow. Seals failed and the other two guides aren't as good as they should be either. Burning enough oil apparantly can glaze up your cylinders, which then causes lower compression.
So now I have a bike with low compression and dead seals. I've ordered all new exhaust guides. The machine shop
www.conceptsonwheels.com - check them out - does some serious work and they have my head now. They're suggesting we do a fresh bore on a spare set of stock cylinders, vs. re-honing the old ones. I'm torn between buying a new piston kit which will include pistons/rings/pins/gasket for $120 or Riken 0.5mm rings for $75. I'm not 100% sure the Riken rings will fit the pistons I have, which are 3mm over pistons for a CB500 (58.95mm at the top).
The Riken rings are a 3-peice oil ring, while the rings in the kit are a single peice. Funny that now on eBay there are quite a few 0.5mm over pistons and rings from Honda, but they're very very expensive - $100 per piston which is nuts.
I'm likely just going to order another complete kit and do a fresh bore/hone on the spare cylinders. Seems a shame to ditch 2000 mile old pistons/rings/cylinders, but I'll keep them around as a spare set. I'm sure I could just deglaze / hone the cylinders and put it back together with the new head and it would likely be fine, but I don't want to take any chances again.
The bore and piston kit will cost me $375 or so, while just a hone and new rings would run me $200. Just the hone would likely be $120. So, for the extra $250 to go all the way from minimum work to the full rebuild, I hope to have peace of mind and no further problems related to this for the next 30,000 miles or so.