Here's what the machine shop MUST know, because they "think" in terms of automotive engines, which are VERY different from these:
1. The piston clearance at the bottom of their skirts is NO MORE than 0.0008" new (that's not a typo), and considered significantly worn at 0.0022". Cars START at 0.0020" typically, so if they try to measure at car's specs, they will do it wrong. I see this A LOT, so it's up to you to force them to do it correctly, or they usually won't.
2. The rings MUST be replaced once you remove them from the cylinders. If you attempt to reinstall them, they will burn oil and will not seal.
3. The oil burning and wetness is likely due to worn valve guides. The K2 came 2 ways: some did not have seals on the exhaust guides, while some did. Replacement guides today should be from APE (#VG750H) or Dynoman (Kibblewhite), the latter being more race-bred parts and more expensive to install. The valve stem clearance is TIGHT at 0.0008"-0.0012" intake and 0.0012"-0.0014" exhaust, which is half of what cars use.
4. The valves likely need to be refaced (about $4-$5 per valve), and have the shop cut a 3-angle seat at 60/45/30 degrees, with a 1.0-1.5mm valve face seal in the end. The "valve margin" minimum is 1.0mm, and they need to know this: if they don't know what it means, find someone else.
Your best best is to buy the next size larger piston & rings kit and have the shop bore your cylinders for them. Tell them you want 0.0008" clearance, and if they balk, find someone else. Otherwise, it will burn oil again after it is all back together. You can get adequate piston kits from CruisinImage at eBay for about $125: I'd suggest using his 0.5mm oversize kit like this one:
https://www.ebay.com/itm/69-76-HONDA-CB750K-0-5mm-OVERSIZE-PISTONS-SET-4-PISTONS-INCLUDE-CI-CB750KPS-1/131588210647?hash=item1ea344bfd7:g:7ggAAOSwyQtV3EE6as I just finished (another) engine using them, and they are fine.