OK
I've read a lot of posts here and have heeded much advice. I have a '77 CB550K. It has 17,470 miles on it. I bought it a couple of months ago. I have replaced the plugs, points condenser, fixed a broken wire from the coil, thoroughly cleaned the carbs, set the dwell, set the timing, and adjusted the valves. The only thing I'm not sure about in the work I've done so far is setting the adjusting chain. I loosened the set nut when the bike was at top dead center on cylinder number 1 and the screw did not move.
The bike sounds terrific, and drives like a gem, but it is slow. I am able to get a top speed of about 70 mph. This will slow down a little when in fifth gear.
The only problems I can see now are there is an oil leak somewhere on cylinder number one (I will try to get picture tonight) and the idle will sometimes go up or down 400 to 600 rpm when at idle.
This is the first 4 cylinder bike I have owned. I'm just not sure how much I can get out of this bike. I have not checked for carb synch yet or compression. I know my question is probably premature without compression numbers, but I'm curious as to acceleration and top speed expected.
Thanks to all for the great advice thus far.
Pete