I have enjoyed many of the "tricks and tips" on the board, so I thought I would add my tiny contribution for my fellow cheapskates. This post details how I re-keyed my steering lock. Seat locks are similar.
My 1971 CB750 was constructed from three different bikes while I was in college. The ignition/key switch had the tumblers drilled out by someone (not me), so I was able to use a standard screwdriver to start it. That was fine for college (when I was really poor). My Dad used the bike off & on for 10 years, and recently gave it back to me.
I decided to order a new switch. Not the expensive nos switch, but the cheap aftermarket version. I needed the round electrical plug, but the aftermarket version with the round plug came with a newer style key that wouldn't fit the seat or steering lock. I ordered the ignition with the newer style "rectangle" plug and correct "T" style key. Then I switched the connectors.
Now I wanted to re-key my steering lock and also re-key the extra seat lock from a 1974 model I had to match the keys that came with the new switch.
Getting the steering lock out was a pain. It requires the correct key to be removed. I spent an hour with a tiny allen wrench, a small screwdriver, and substantial cussing attempting to pick that lock. I was about to give up when the lock turned and fell into my hand, leaving me with this. (Sorry for the poor quality photos.)
The first thing to do is remove the external spring and the roll pin which holds the two main parts of the lock together. Use a pair of vise-grips. Grip it tight, twist and pull until it pops out. Don't worry about crushing the roll pin a little. It can be re-used as long as one end doesn't get damaged.
Now the two pieces can be separated.
This leaves the main lock mechanism. Next, take a very small regular screwdriver that you have no love for and file the sides of the tip to make it narrow. Then file the tip to "sharpen". The screwdriver must be able to get under the thin strip of brass at the top of the lock. Work the end of the brass up until it can be grabbed with pliers and peeled off. BE CAREFUL TO NOT DESTROY IT.
Now the tumbler tension springs are visible.
Turn the assembly up-side down and gently tap until the three springs and six tumblers fall out. Now the lock can be further disassembled.
The three equal-length short tumblers at the top of the above photo (just below the springs) are to be left alone. Only the three odd-sized tumblers at the bottom of the photo will be modified.
Take the new key and insert it into the lock. Place the tumblers, rounded side down, into the holes. Re-arrange them until they fit best. "Fit" meaning that each tumber sticks up either flush with or higher than the outer diameter of the lock. Notice in this photo the three bumps sticking up from the lock.
Sometimes you can just re-arrange the tumblers and have them all fit flush with the outer diameter of the lock. That is what we are going for. The tops of those tumblers need to be flush with the outer diameter of the lock. A dremel works well to shave them down to size.
There, now the lock is re-keyed! It just needs to be re-assembled.
Leave the key and tumblers in the lock barrel as shown above. Slip the barrel back into the lock housing. Put the three smaller tumblers back in the housing. Now put the springs in behind them. Hold the two pieces of the lock together and SLOWLY remove the key. It should look like this.
Almost done, the brass strip needs to be replaced over the springs. First flatten it out with pliers. Now it needs to be shaped, lengthwise, into a "V". I used a chisel, small hammer and some cardboard to get it started.
The chisel will only get the "V" shape started. Increase the angle of the "V" by SLOWLY crimping it with a pair of pliers. Now place the brass strip with the tip of the "V" facing up back over the three springs. Use pliers to smash it back into a flat shape as much as possible. Then use the roll pin and pliers to crush it the rest of the way into its original flat shape.
Now put the two main pieces of the lock back together and re-install the roll pin with a small hammer. Re-install the external spring and it should now look just like it did at the beginning!
Put the lock back into the bike and enjoy!