As usual I was waiting for parts to arrive to keep putting my 750 back together. With nothing much to do but wait I stared at that heavy rear hub (9.9 pounds) and the gears in my head started turning.
Since I'll be using 4-piston dual discs up front to stop the bike, all I need for the rear brake to do is stop the rear wheel mass from spinning. The actual braking will be done by the front wheel.
The drum is about 8 in diameter by 1/4" thick so according to my calculations if I remove 3/4" in width from the drum I'll be taking off an even pound of weight.
Since the pound of iron I'll be taking off is rotational mass, less force will be needed to stop the spinning wheel, thus offsetting the loss of braking surface.
The brake drum is about 1-3/4" wide so removing 3/4" I'll still have more than half of the original braking surface, which sounds plenty enough.
What I didn't count on was that the iron drum was only half as thick as it looks, the rest is part of the aluminum hub, so the actual weight savings turned to be only 1/2 lb measured on a scale before and after (9.39 lb final).