Great advice all the way around. With rebuild kits running $25 or more, a new MC with lever for $50 looks pretty reasonable.
If you do prefer to rebuild yours for originality or just fun, I'll add a couple small suggestions: You're going to find a rubber boot around the end of the plunger, it rides in a groove at the lever end, easy to pull off, but way down there in the muck, there is a plain ring holding it in. For starters just grab and tear that boot off, then dig out what tears off and remains down near the circlip as best you can. Now take a small pick with a bent tip and see if you can fish out that plain ring visible in the center of this photo from 4into1 (
http://4into1.com/genuine-honda-brake-master-cylinder-rebuild-kit-45530-377-305-cb360-cb400f-cb450-cb500t-cb550-cb750/) and fish out what likely remains of the rubber boot.
NOW, hose it down in there with WD-40 or PB Blaster, let it soak, blast out the yummy gook with compressed air. Wear safety glasses or better yet a faceshield, wrap in paper towel, etc, DAMHIK. Now you can see what you're doing.
The circlip sits in a groove obviously, and it commonly sticks in there. Give it a tap with a pin punch just to jar it free, and see if you can rotate it with a pick. This is made easier by depressing the plunger with your third thumb while you do this. If not, more soaking with penetrants. Once it's free, then its time for the snap ring pliers.
You want these. You want these. Said that twice.
http://www.motionpro.com/motorcycle/partno/08-0279That new MC from DSS is starting to look damn good right about now, but these pliers are great for other things too.
N.