Also - was the rebuild kit from Honda or aftermarket ? Not terribly unusual to get a very similar kit that doesn't quite work as well. I try and re-use the plunger that is original to the MC as well.
It was an aftermarket kit I believe, from vintagecb750.com (a supplier here in Canada). I'm quite confident I put it back together correctly since I tripled checked everything, but it would be worth it to take it apart again and look through it... Only once I've ruled out my rotor/caliper situation, though. Honestly, I should have re-used my plunger as well since I read about a slight (like 1-2mm) difference in length in another post somewhere which led to poor brake performance.
Here are some better photos of the caliper.
https://imgur.com/a/ZfK0dzUI was able to shoot at a wider depth of field because this time I shot the pictures in daylight. Tried to get every possible angle of the thing, but if there's another angle you'd like to see let me know and I'll shoot some more!
Even when resting, to me it looks like the caliper is crooked, as if the pivot arm was bent or something. It stands to reason that if the caliper is compressing at an angle it has very little surface area and would not do much to slow the bike down.