Just wanted to give an update on the work I've done so far. Sorry for not having in between photos, I'm really quite bad at documenting things. I'm sure in 30 years when my memory isn't nearly as good I'll have to start taking photos so I can remember basic things, like where I live, what kind of car I drive......
Anyway, I've been working pretty hard for the last 4 weeks or so when time permits. I've basically gone through every component of the bike at this point and she started and ran today for the first time.
A list of what I've done so far:
Tore carbs apart, cleaned them and replaced all of the rubber seals
Set carb float height
Adjusted valves
Changed spark plugs
Pulled clutch, cleaned friction plates and metal discs with fresh 10w-40 oil
With just 38XX miles sprockets looked great, replaced chain with a standard 530
Used electrolysis to remove surface rust on tank interior
Replaced tires and tubes with Bridgestone Supersports front and rear
Replaced fork seals*
Cleaned everything (Chrome) with Blue Magic polish
Replaced the stock handlebar with a Bikemaster Superbike bar (It's more comfortable for my long lanky arms)
Rebuilt the master cylinder with a Honda rebuild kit
Replaced brake lines with Goodrich braided stainless lines
Now for the trouble spots.......When I pulled apart the front caliper, the piston had a couple of 1-2mm pitted spots. Thinking this was terribly bad I went and ordered a new phenolic piston from the SOHC Forum member who sells them on E(eek)Bay. As soon as it arrives I'll put the caliper back together, throw it on the bike and fill the newly rebuilt MC and braided SS lines with some fresh DOT 3 fluid and bleed away.
Anyway, sorry for the rambling, here's a picture of where I started and where the bike is now:
Then:

Now:
