That's a pretty good-looking bike. It's good that you bought it running and had a chance to ride it before rebuilding the engine to address leaks. I would get the engine running again and tune it first. Second, address any potential issues to brakes (service or rebuild master cylinder and piston, new stainless brake lines and fluid, new pads) and suspension (fork rebuildling or servicing, shock servicing or replacement, new needle steering and wheel bearings, new bronze swingarm bushings), all before you take on the cosmetics. The more cosmetic modifications (turn signals, brake light, seat, bars, mirrors, tank, etc.) can be done incrementally and either be reversible or permanent -- it's up to you.
If the tank needs de-rusting (you don't want rust getting into your carburetors or your newly rebuilt motor), deal with that promptly too.