You've made your brake stay too short.
Too much angle of the hub stay mount.
Your picture is 1st.
Okayy... so then what is the correct angle?
I keep getting different answers from different people and have to switch up the brake stay. With the bike sitting on the lift without the tire hanging down, the brake arm is at a 6:30 position. Very close to the 7 o'clock position BenelliSEI had warned of.
So I suppose I'm lost as to the correct place for everything there doesn't seem to be a concrete explanation.
You are starting with the wrong reference mentioning the brake actuator angle. I'm not referring to that.
I went to my shop to look at the 78K on my lift and see some difference in my earlier post from the K2-K6 pictures above.
1st, Is the bolt holes on your remade brake stay 12 5/8" center to center? That is the stock 77/78K brake stay length.
If not, which is why I said that your brake housing plate looks like it sets forward too far comparing your picture to other bikes(my pictures were earlier K models above and have a different stay length... so will have different brake stay plate angle compared to your bike)
I've taken pictures of the K8 on my lift to compare to yours, which looks like your brake stay bolt sets forward from the stock location, which you will get if the holes on your new stay are shorter than 12 5/8" center to center. It looks like both your bike and the bike on my life axles are at #16 alignment tics so it's not the chain wear difference.
The brake actuator arm needs to be set on the splines at the punch marks lined up to let you know if you brake shoes are too thin needing replacement (reference pictures from Hondaman's book) and will determine the angle as chain wears and brake shoes wear. Do you have new shoes on your bike??