Theoretical argument for doing it Honda's way. Nothing serious here, just discussion nits.
We all know what happens when you pull on a rope. The other end follows (if not anchored) and the rope stays straight.
However, if we push on the rope, the other end of it is unlikely to care and the rope squirms about in silent laughter.
The CB550 brake arm is pretty solid. But, when it is mounted in front of the fork, braking action will tend to pull on the arm. When behind the fork, braking action pushes on the arm. When you pull on the arm, alignment is natural and assured between anchor and friction point. When you push on the arm, some external mechanism is required to maintain the alignment. The friction pads and disk rotor likely provide that stabilization. But, it seems to me there will be some sort of lateral bias developed as the arm attempts to pivot out of alignment. These sideforce stresses will also likely change in magnitude as the stationary pad wears down, effectively changing the arm angle between fork and caliper. Hopefully, there is enough overdesign of the pivot arm and the brake rotor to take these side loads over long term use. But, I'm just not ready to get that deep into materials analysis.
Cheers,