What color are the spark plugs? On the 78 750, they should be white to very light tan when run at hiway speeds. If they are darker than that, and your accel pump is working, you may be drowning it when you're pulling open the throttle that way.
This symptom is common on the earlier 750, especially with an 18T front sprocket and 120/90 rear tire, when running at about 4500 RPM in high gear: pulling open the throttle would produce a slight hesitation and then the bike would take off. It's an overgearing situation on those bikes and changing to the 17T sprocket (or 110/90 rear, or both) helps a lot. I believe the 78 has the same gearing as a 17T front on the older bikes, though, so I doubt it's gearing on yours, unless the rear tire is just too big.
Make sure your points are pristine and the condensors are young. The condensors, in particular, last only about 4 years if they have the rubber top where the wire enters: about 6 years max if they have the epoxied tops (those will turn yellow when old, giving a clue). After the points pit and turn grey, or if they are blackened, they need to be cleaned, reshaped, and smoothed well. Points files seem to be hard to come by these days, though!