Without excerpting from my book: Honda was scared to death that riders were going to somersault over the handlebars upon applying the front disc brake.
(If only?).
So...they used rubber lines from the master cylinder, with its oversized piston to fight back a little at the rider, and stainless steel on the disc - for 2 reasons: the Cosmetics Department didn't want any rust, and the aforementioned engineers didn't want the owners to run over themselves, so the brake lost efficiency.
(Isn't politics and engineers' worldview odd?).
For racing apps back in their day, we used shorter flexible hose portions between the banjo mount (under the triple tree) made from stainless overbraid (truck, in those days) flex lines. To make up the fork-travel distance we made the lower steel lines a little longer. Then the line from the master cylinder to the banjo mount was replaced with hard line. We called this the "power brakes mod", and it really changed the brake: I should add we also added the other side, for dual brakes. Then it became a 1-2 finger brake, still very progressive feel, that could lock the front wheel.
In street use, I've found that at some point, the system suddenly needs a lot more grip to stop like it once did. My own did this, but it was after it sat 5+ years when I had cancer and was out of the riding thing for a while after, healing back up. When I came back, my front brake acted like yours. I pulled apart the (quite cruddy!) caliper and cleaned it all, put in a new seal, replaced both flex lines and rebuilt the master cylinder. That was in 2005 or 2006, and was the first time this had been done to the bike (126k miles). Since then it's been my old 2-finger, 3 if danger looms, front brake.