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:
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
I'm talking with Carpy at the moment on how to deal with this. Sounds like he'll replace it.