Gang: I had a similar problem. Restoring an '81 CB650 Custom bought for $200. Ran but kept killing my battery. First checked/replaced the fuses; then cleaned the starter motor (which was taking a lot of juice) and replaced its brushes; then, replaced the stator's brushes and then replaced the stator. Was actually considering replacing the rotor until I saw the cost of a new one or even a refurbished one. Then a funny thing happened....
Rotor had a kind of varnish on its outside, making it look kind of gold or beige. After running well for a half hour, it looked shiny and clean, slip rings looked pretty good, and brushes were definitely making contact. No obvious "opens" with poor insulation either on the rotor or stator.
So next I replaced the old ignition switch with a bottom (contacts) piece I found. The old switch was corroded, old, ugly. Still no luck charging.
Thought since it was dying at high speed maybe it was my coils - apparently these models, the original coils separate under heat and return to make proper connection when they cool. Found a pair on EBay.
Not it. Still not charging.
Ordered a Rectifier/Regulator I got for about $30 on EBay. Bingo, bongo, we have a winner.
Tested my original R/R tonight. Guess what? Even with accurate yellow wire readings, we were way off on red/white and white readings. Clymer does tell you how to test, you just have to be patient. And take good careful measurements and notes. And know how to read an ohmeter/voltmeter. And it says if your r/r "fails any of these tests" - meaning you have to go through all of them until any failures - "your rectifier must be replaced."
So, advice for SOHC/4 folks with charging, "hot start" and other related charging issues: Start with the battery, and work your way to the rotor/stator, not the other way around...
And by the way, cleaning the contacts on the starter solenoid always a good idea.
I touch the button on my Candy Universal Blue '81 CB650C now, and it starts like it's brand new.
So, on to other issues...
But I must say reading your forums has been a huge help, which is why I've decided to finally stop lurking and report my bike is nearly fully restored, and running like I just went to a Honda shop and bought it new.
Allbest,
Steve McQ