... Where are your fuses? You need to add at least a main fuse to this circuit, as well as fusing the ignition, headlight, and signal lights. Other than that, it looks ok. I am sure there will be another person come by and instruct you if that diagram is wrong.
When I bought my 1971 CB750, it had a home brew wiring harness with NO fuses, and a Rick's regulator. It was wired up wrong, as it would drain the battery without a cutout switch being added to the battery. I used a stock wiring diagram and stock harness, and now everything works as it should, and the Rick's VRR plugs into the harness perfectly. I recommend it.
Charlie