Maybe the old clutch friction discs encountered some friction modified oil at some point? When I used a friction modified oil (castrol GTX) in my 400-4 in the eighties, the clutch started to slip. No amount of changing the oil and thoroughly cleaning/sanding the original discs could fix them! I had to replace them.
I have the same parts list as jlh3rd for my '75 550F. Like in the parts list, my 550F has no dual steel "slipper?" plate in the middle, just 6 steel plates all the same, 6 friction discs all the same and 1 outer friction disc with wider fingers. The friction discs all have straight cuts, none are slanted.
My CB500 K, K1, K2 parts list has 3 different part numbers for the 7 friction discs, and the picture shows straight cut discs? (My 500 has slant cut!)
John