Ok, so some time has gone by and not much has happened with the bike. I never quite got it running right. It was hard to start and didn't idle well. I didn't ride it often because I was worried I wouldn't be able to get it started or that it was going to die on me, so it sat parked most of last year while I rode my modern Triumph Street Triple everywhere.
However, the bug has once again bit. I've been racing the Street Triple, which is great fun, but feel less inclined to ride it on the streets now (the irony of the name isn't lost on me). I would much prefer to get the CB running really well, and making some cosmetic modifications to really make it my own and give me more desire to daily it. Of course, everything I do to "Dad's bike" will be reversable. I've ordered a whole slew of parts to rebuild the top end. I'm leaking oil pretty badly, and since I'm in there, I'm going to do everything - hone cylinders, lap valves, replace all seals, replace rings, etc. I hope this will fix my idle stability. Additionally, I'm having the fork lowers powder coated black to match the wheels, replacing the crush washers to fix the oil leaking from the bottom of the forks (fork seals were done last time). I'm also replacing the turn signals and fork ears and putting on superbike bars and bar end mirrors.
I'm sure I'll have a hundred more questions, and will come back with more photos soon.
Oh, and if you are interested, I posted a couple session from my track day on the Street Triple
Edit - did a compression test, with the engine warm and throttle wide open:
#1 - 140 psi
#2 - 135 psi
#3 - 125 psi
#4 - 145 psi
I put a teaspoon of Marvel Mystery Oil in number 3 and ran the test again, and it jumped to 150. I'm planning to do rings, hone cylinders and lap valves anyways, but just wanted to see how the compression was looking and if there were any significant outliers between the cylinders.
I'll post again soon regarding the top end rebuild. Parts should start arriving this week.