Small update here. I took the clutch cover off and fumbled about with the lifter mechanism and refitted it. Now there is plenty of resistance in the lever. In fact, I would say way too much resistance. The clutch cable was totally seized and the bike had not run since 1994 when I got it so I don't know how the clutch should feel but as I mentioned in a previous post, I have had 3 other SOHC4s in my time and although the 750 is larger and therefore presumably has a heavier clutch, I still think there is something wrong. I can't check its operation right now as I am waiting to fit the new ignition system (arrived an hour ago but I am trapped at my desk). As part of the rebuild I replaced the clutch cable with a genuine Honda part. I also bought a clutch kit of plates and springs. The springs were genuine Honda and the plates were aftermarket with the diagonal cuts on them. Having absorbed the wisdom of Hondaman on these plates I decided to measure the originals, found that they were within tolerance and reused those. So, in essence, new genuine Honda springs and cable with original, 72 vintage, clutch plates. If anything it feels almost as if when I pull the lever something is bending inside the clutch. It certainly does not give the feeling of something being moved as Soichiro intended.
Very much open to advice. The bike has run for about 15 minutes on the bench so oil should have circulated thoroughly in the clutch and yes, I did oil the parts thoroughly as I reassembled.