I'm building a bike for a buddy and with the parts I had I wanted to do this conversion. To make a long story short, I have one 500 front end, along with a 550 front and a 750 front as parts. All of which are going onto the 72 500 frame. The wheels and tires were new from the 750 which was the main motivation in the first place. I also had a set of polished 750 forks laying around. After reading the FAQ writeup about the 500/550 I swore I was missing some parts but decided to go for it anyways. I ended up with a solution that works for me and I didn't have to buy anything "special". All I used were parts from the 500 and 550. The main issue I was battling was getting the speedo to mate to the speedo hub on the side with the new disc.
Like so:
Instead of buying a K0 speedo I took the hub and cut off the bottom half:
I ground down the edges so it fits flush with the hub in between the disc and clearanced the speedo so it would clear the new longer bolts:
I bolted it together and was good to go. Just my thoughts in case there are others who are as impatient as I am and have parts to grind on.
A breif history of the bike -
As I bought it:
As she sits in my garage tonight: