Ok, I will try and see if I can remove the lock nut. If that fails then I will fashion a cone and try and get the 5oz of ATF I have in each fork using that method. I may even go up town and get a turkey baster and try that. I will also move the forks 1/4 turn as suggested. I really only need to have them work for a little while as I just picked up a pair of forks for the bike that I plan to rebuild. I will extend the forks as much as I can once I go to put the bolt back in. Thanks for that tip, I would probably have messed with it for hours.
CB500 and CB350F <-- yea that would not surprise me since the PO had a 350 rear rim and tire on it when I picked it up. The new (old) ones are for sure from a CB550 so perhaps they wont have that. So its good info thanks!
Oh, and I looked at the parts book via the link from here and the image and text was so bad I could not read the text and the picture was hard to see clearly. Maybe I will look around some more see what I can dig up, the manual I had seems to be MIA so I am looking for that also.