I have posted about this before but never gone into detail. I believe 50% of the early CB750's have rusted shut cam chain adjuster shafts. I have seen this too many times. Honda left the end of the adjuster casting open. I believe this was so you could see if the shaft was moving or to be able to apply extra force to the chain. The problem is water can enter. If you continuously adjust your cam chain and it still makes noise I would bet yours is seized. To see if yours is seized loosen the lock nut and lock bolt. Stick a small screwdriver tip or any small tube into the open end and turn the crank clockwise and while feeling the shaft reverse and turn the crank backwards. You should feel the shaft move out when you turn backwards as the slack moves to the front. If no movement of the shaft is felt I would bet yours is seized. You can try to spray WD40 or your favorite into the open end hole to free it. If not just pull it off and clean and polish the shaft so it moves freely. While the shaft is out you will see the flat area where the lock bolt hits. It will have an indentation where the bolt has been repeatedly tightened. File this flat as when an indentation is made the lock bolt will try to go back in the dent even though the tensioner would like a little more.After you confirm yours is free and moving or you remove the unit and free, polish and oil the shaft. Now is the time to seal this from water. The outside of the casting is the same size as an old distributor. I take an old spark plug connector rubber and fill the small end with sealer, let dry and just push over the casting. A picture is attached. I believe this problem is more widespread but Mike R could tell us how many seized shafts he finds. Two out of the last three I worked on were seized. Thanks for reading. Dan