OK quick update as it's been a while. I've been really busy with wiring, controls, cables etc. as well as waiting for my new rear end parts to arrive. Here's the quick take:
1) It looks like the combination of 77/78F Comstar + earlier sprocket carrier is working PERFECTLY. The chain line between the two sprockets is really straight. Thank you all for helped with that. It even looks like I can use the 77/78F brake caliper holder to avoid using the overpowered '76F rear brake.
2) I finished all my wiring (except for turn signals and tail light as I haven't ordered those yet). Turned the key and all the warning lights, horn, and headlight are functioning properly. Hooray!
3) mounted my freshly re-jetted carbs and airbox with re-oiled K&N filter
4) Last thing before firing the bike was to get the Carpy 4 into 1 exhaust mounted. Perhaps you saw my thread in the Bikes section, but the flanges on the system were not the right size for my 750. See pics:
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Here's my factory flanges on top of the new Carpy ones. You can see how the holes are way too close together. They don't fit the studs
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I'm talking with Carpy at the moment on how to deal with this. Sounds like he'll replace it.