Hey fish, thats one goooood lokin' bike.
As for your wrench's bill....remember "You get what you pay for". Sound like you got off just fine.
Over the winter my 78 750 K ha dthe folowing done;
New tapered Steering Bearings
New Rear Shocks
New Forks Seals and Washers
New Front Tire
New Rear TireNew
Rear Wheel Bearings
New Slip on Mufflers
New Tach Seal
Replaced stator and new gasket
Welded Centerstand brackets and installed Center Stand
Clean/Polished Head Pipes
Replaced Front Fender
Replaced Rear Fender
New Maintneance Free Battery
New Period Correct Sissybar/Luggage Rack
Replaced Tailight
Painted Engine
Painted Frame
Cleaned Sanded and Polished all Aluminum
Painted Tach and Speedo
Painted upper/lower trees
Painted tank and side covers @ pin-striped
I think that's it

All this for under $1200.00 cdn. I would not want to know how much a mechanic would charge me for that.
Cheers
Jako