100 link, non o-ring, is the stock size for the K4. O-ring chains fit just fine on the 750's, and it's entirely a personal preference as far as chain maintenance goes.
I don't know if you'll need a chain breaker to remove the old chain. Most likely it has a clip type master link, so chances are you won't need one. Spin the chain around while looking at the left side of it. You'll see the clip if it has one.
You should consider replacing both of the sprockets when replacing the chain, too. They all wear together, and putting a new chain on worn sprockets will wear out the chain quickly.