Update:
1) The grease gun trick worked great on the master cylinder.
2) Everything is all put back together but need new front brake parts still (to be delivered on wednesday 10/21)
3) Had initially fixed the extensive holes in the bottom of the tank with a caswell kit. Worked great and it held water, but 2 weeks later when I filled it with gas there was *one* pinhole
I hit it again with a mini caswell 3 gal kit and crossed fingers. No more leaks, tight as a drum.
4) There was a terrible terrible noise when at higher speeds and I thought it was pistons about to seize or scraping, turns out it was the tach or speedo gear. Oiled and now quiet.
5) Spent today tuning. This thing was someone's track bike or something but it didn't seem like it was tuned for it maybe. I looked around to see how readily available stock airboxes are and found zero. Sent some PMs to some people on the rz forum, will see if I get any luck there. Bike is obviously running lean, bogging, would run way better with choke on. The stock intake was replaced by a y-boot with one jumbo sized pod. I took some inspiration from the DOHC guys running pods on their CV carbs, and used their fix of covering filter surface area with electrical tape. I covered right about HALF of the filter. Seems pretty spot on right now--I will assess it as I go and see if I need to adjust it.
Little sucker is pretty fast. FUN too.