Don't forget to check the brake lever's 'soft stop' in the master cylinder. Honda had the brake lever sit partially "pulled" a tiny bit, first by using 4 expensive pieces (a sheet metal plate, fancy screw-offset cam, locknut and flat washer) as the "lever stop" in the K0/1 (and some of the early K2) CB750s. The setup for the fancy one was usually done wrong by (American) techs, who would set the cam for no-contact with the lever, probably because Honda didn't make clear the reason for this stuff. Someone [probably accidentally] discovered that installing a short piece of 3.5mm vent hose would hold the lever in almost the exact-right position, and in late K1 bikes (New Factory production) the inner parts vanished and a sheet metal cover held a 3/8" long piece of rubber hose in the hole, instead. This worked well enough that all production changed to that through the F1 bikes.
But...when the hose gets old, it is no longer squishy, and then the lever doesn't get held in the partially-vented position. When this happens, the brake pads can slowly creep outward as temperature changes down-up-down-up nudges the puck(s) out a little, making it "set the brake" as we called it when pulling bikes out of winter storage. The 750K2, first to get all-rubber-hosed master cylinders, started showing this tendency over a single winter as early as 1974.
The fix: cut off a new length of 3.5mm hose and replace it in the master. I've fixed quite a few of these on bikes that sat for years, then came to me for rebirthing.