The arguement about engineering better than Honda is based on an incorrect assumption.
For it's intended market the cb750 was engineered very well.
But you have to remember that it was designed for mainstream buyers, the the vast majority of whom were looking for straight line stability and comfort, not maximum cornering ability.
any mass market vehicle is designed for the majority of the buyers, not for a select few who want to push it's design perameters.
aftermarket, and owner customization drives design at the manufacturing level.
for example, the chopper craze of the 70's lead to factories turning out the 'customs' of the 80's, and todays 'factory chops' the cafe and road race crowd with their pursuit of speed and handling has led through the years to the crotch rockets
the huge number of people buying vetter and shoi tour equipment and turning stock bikes into tourers led to the creation of the goldwing and it's like. Very few people left the bike in factory condition, which is one reason it's almost impossible to buy a true 'naked' bike today.
In my opinion, lowering a bike will improve handling if it's done correcly, done incorrectly and it alters the geometry too badly
There is tons of room to improve the handling of the 750 specifically, and any '70s era bike in general, trussing the swingarm to stiffen it, or swapping to a stiffer one, either aftermarket or from a different bike, gusseting the frame was not too unusual but not overly common to stiffen up the frame. larger fork tubes and better damping, different shocks etc all improve on honda's engineering.
Yeah, you can engineer it better.
Ken.