I did this last year on my '76 550F, I don't remember that being a problem, but you are going to have to shorten the oil pressure sending unit input lug. It was a little tall, wasn't able to install the countershaft/oil pump cover as the sending unit sat to high. I'm pretty sure there's a thread on plugging the oil port on the side. I'd disassemble that pump and inspect the rotors, many of these become worn and damaged over time. When I did the oil pump upgrade on my 400f, I went thru 3 or 4 cb750 pumps before I found a set of usable rotors. Most had rotor damage.