Ok, I think a "71 K1" can be a '71 CB500 or a '71 cb750.
Regardless, I measured the lower mount/shock opening on a "stock" '73 CB500, '76 CB550 & '76 CB750. All were 18mm width, exact slip fit and no spacer.
copied from 4into1 website on their CB750 shock:
Dimensions:
Length: 335mm (13.2") measured from center of mounting points.
Diameter of springs = 2.3"
Overall Length = 14 1/2"
Inner diameter of upper rubber bushing = 15mm (.6")
Distance between clevis holes: 22mm
Chrome Cover: Length 4"
Chrome Cover: OD = 2.5"
Fits Honda:
CB750K - 1969-1978
CB750F - 1975-1978