I had a buddy offer to sand blast my stock rims, so I think I'm going to explore that route and see how they look with all the rust removed. Because they will be down to bare steel, I know I will have to paint them or have them powder coated.
Next question - the spokes are all still tight, with no significant rust. Would leaving the spokes as-is be a problem? Is it the kind of thing that should be changed periodically, or only if there is a problem? I've never had spokes on a bike (well, not since my 10 speed!)
Plan for today is to reinstall the oil pan and filter (4into1 box finally came yesterday!) and wheel the thing outside for a far more manual degreasing scrub with a stiff brush. There is still a ton of grime on this thing. I will be sure to tape off the manifolds so no water can get in there!
Next is to bench sync and reinstall the carbs, install the battery and test the electrical. If there is spark, then it's time to try and start her up!
Attached is the next round of parts for the wheels, brakes and bearings. Brake shoes were out of stock, so I grabbed some EBC organics on eBay from a reputable seller. Anything I'm missing? I also picked up some brass swing arm bushings from a different site.
Edit - I forgot about tires! After some quick research, I think I'll go with the Dunlop D404 tires (Front 100/90 19" / Rear 120/90 18"). They seem reasonably prices, fit the vintage look and seem relatively well reviewed.