Hello all

I had the recent pleasure of buying my first rideable bike and it ended up being a 1976 CB750K in very nice original condition with about 10,000 miles on it. I did a few things to the bike to get it ready for the season and proceeded to ride the hell out of it for about 2 months. I love the bike and have had almost no problems until now. I rebuilt the carbs a week or two ago and when i got everything back together i was intending to borrow a tool to properly sync the carbs, but was still riding it to work in the meantime. I checked the oil on thursday and it was only slightly low. Everything was fine. Then im warming it up the next morning and i notice a new drip underneath the left side of the bike (It always had a small leaking coming from somewhere near the alternator housing and a little from the head gasket on each side of the bike). I check my oil after it had been running for a few minutes and suddenly there is barely anything on the dip stick. So apparently i lost about 1/2-1/3 of a quart in less than 50 miles on my commute.
I couldn't quite tell where the leak was coming from but i could see that it was collecting on the exhaust flange of the number 4 cylinder. So i decided to run some UV Dye through the engine to try and pinpoint where it was coming from. So i top the oil back up to the proper level (which took almost a quart) and ride it around town for about 30 minutes. Then i get back and i dont see that any oil has collected on the exhaust flange. I check my oil again and suddenly im overfilled by quite a lot. So i figure that maybe it was just a fluke and i got a false oil reading, as ive heard that can happen sometimes with these bikes and with it being a dry sump system. So i decided ill ride it to work again and see what happens.
And sure enough when i got to warm it up the next morning its leaking quite badly and collecting on the bottom of the exhaust flange of the number 4 cylinder. I check it out with the uv light and glasses and i can see where its collecting, but i just cant see where its coming from. It is definitely not coming from the valve cover as i would definitely be able to see that, so i figure the only possible place it could be coming from is the head gasket, right? But it seems strange to me that the head gasket would just suddenly go like that, and it seems like the head gasket would not leak that badly even if it were blown. Not to mention that the headgasket is technically below the exhaust flange so it shouldnt be able to drip UP to it. But then again this is my first one and im not terribly familiar with these engines, so i could be completely wrong.
If anyone has an idea of what im dealing with i would definitely like to know before i start tearing it apart and resealing the engine.