You might find yourself surrounded by a group of 750 guys with pitchforks and light torches if you got caught guttin' out a nice set of HM341's.

Lol yeah, that's the downside that I was worried about

If the HM341 are in nice shape, do not drill into them.
Sell them to a K2 restorer that look for exact parts.
For the money buy new Yamiya no numbers HM300 replica.
I have 2 sets for 2 K1s and out of 8 pipes, only 3 are hole-less.
I am not talking about gutting out the baffles, it will just be drilling additional holes or enlarging the holes that are already there.
Not necessary, 341's run fine with 115 or 120 main jets
I don't know what size mainjets it is running, this bike was purchased from the original owner who stored it in 1981. It came with 4 into 1 exhaust. It was running fine but a little rich with it. Haven't had a chance to ride it with the HM341 but after syncing the carbs it sounds wonderful