Last week, I bought a 1976 CB550k with a seized engine. I was hoping that it would just be bad rings, but I think it has turned out to be much worse.
The rear wheel will spin freely in neutral, the rear wheel will not spin when the trans is in first gear. The trans will not shift into any gear other than neutral and 1st.
I started by removing the spark plugs and pouring Marvel into the cylinders, after about a week of gently trying to "shock" the pistons loose I decided to start digging in to the engine. Upon removal of the cylinder head I noticed one of the cylinders was full of crap AND half of the related exhaust valve.
Even with the cylinder head off I can still not spin the rear wheel while the trans is in first gear (still spins in neutral).
My question: How much more should I dig in to this engine? Would it be cheaper at this point to pick up a used engine, freshen it up, and slap it in? I included some pics, please feel free to mock the "mural" on the fuel tank. Yes it is a picture of waves crashing against a rock in the moonlight. And yes, the tank will be re-painted before the moto sees the road again.
Note: I have read the FAQ and while there is a ton of helpful info, I did not find anything that addressed my situation. I also performed a Search and netted to comparable questions. If it is out there and I missed it, please point me in the right direction.
Thank you