Well....not much "real" progress...but I have chased my tail a little bit if anyone is interested in that?
I rebuilt the year and model correct carbs which i bought off a member here...horribly dirty carbs. I installed them on the bike, not knowing I had disconnected the coils and reconnected them backwards....yollow wires should go to yellow wires right...not yellow to blue damn it!....anyway....the bike wouldn't start with newly rebuilt carbs. I got frustrated, which i should have controlled better...figured to hell with getting it running right before tearing it down (lots of folks start with a DOA bike and end up with a beautiful outcome, right?) to send to powder coat and paint. The coils are all that kept the rebuilt carbs from working but I wasn't thinking clearly and went in the wrong direction.
I took the carbs off, and pulled the wire harness and some other bits off the bike that same day...don't work on your bike when frustrated!! After that, I left the bike alone for a week or two and cooled down....realized I was being foolish in not getting it running properly, test ridding it, making sure the gears in the trans were all good and to then and only then, tear it down for paint and powder.
So after re-evaluating where I was going, I went ahead and put the bike back together, with some help in other posted threads, I got the electrical and coil issues resolved and the bike now runs (not perfectly though) on the correct PD-42A carbs.
I got a good tank for $75 from ebay. Also bought a really ratty seat for a decent price, but it had a bad seat pan and unusable foam (both only evident after closer review once in hand).
Just bought a set of front calipers off ebay ($41) as I have a bad piston in one of mine and these were cheaper than buying a new piston.
Bought a compression tester and an impact screw driver/extracter for xmas so I will be testing compression this weekend.
Trying to buy a seat in better condition from a board member here, but funds are extremely tight right now though and I might not be able to afford it...we'll see.
That's it in a not so small nut shell. I tend to be too verbose...wish i had the talent for "economy in words"