A mate of mine is currently restoring a CB550F, when I say restoring I mean he's doing some work on it but in no way is it going to end up original, he's using an M-Unit for instance for wiring.
I'm currently restoring a CB500K1 (1972 for you yanks as I know you love the year shown) mine is kinda original in that it's all Honda parts but not always off the same model, I bought a written off CB550F2 many years ago and decided I liked certain parts of that much more than the CB500K parts so I fitted what I wanted and TBH it still looked stock. One of the parts I fitted was the CB550F front forks, mainly because it has the twin front disc option, which I fully intended to take advantage of. So like my mate, we both have CB550F front forks.
A couple of years ago not I spotted some nice fork caps, they have adjustable preload rods and an air valve for pressuring the front forks, they didn't list them for the 550 but I asked and they said they'd make me some, I asked my mate and he was interested so we ordered a couple of sets. He's ahead of me in the rebuild stakes so his front end is assembled, one thing that did prove a problem was clearance between the top of the fork cap and the handlebars, in short they hit with no preload selected. The preload rod has 6 grooves on it, (of which only 5 show when the rods fitted, odd) on top setting it compresses the fork spring by 12mm, 15mm if you dial it all the way down but that's not a good option as the rod starts to feel loose. He found his cleared the bars at 3 grooves from the top, which I have measured and that's 6mm of compression.
After searching the forum it looks like 4.5mm is what most members seem to have said works best. However I've also seen posts saying fit a piece of PVC piping 1" long, that's 25mm of compression, surely too much?
So my question is what are your thoughts on the about of preload, I suppose a lot depends on the spring and how worn it may be, so a lot will be trial and error when we finally get the bikes on the road, I do intend to run around 5 psi of air pressure in mine, it seems to be the optimal pressure after some advice from Mark Paris.