Of course I buy the model which does NOT have this useful gizmo 
As I said my 74 CB550 has the friction adjust. I got this bike wrecked in 75. The PO removed the throttle return spring so the friction lock behave as a "cruise control". He told me this while hobbling around the garage with his cane after a lengthy hospital stay and negotiating a sale price of the bike. The "story" was that he fell asleep while cruising up the freeway in the mountains towards Lake Tahoe. The lack of directional input allowed the bike to stray from the highway. The bike hit a large boulder whereupon the front wheel pitched up sharply causing the instruments to engage the faceshield and knock him off the bike. When the rear wheel hit the boulder, the entire bike launched some unknown but impressive distance skyward. The bike's decent was likely arrested by the rear wheel, as the rim was bent sharply inward to within 1/2 inch of the brake hub. Then it fell backwards mashing the rear fender, seat, tank, gauges, bars, etc., finally coming to rest on the side smashing pipes, turn sigs, and various levers. He had engine guards, which were badly scraped and bent, but the engine (1500 miles) was completely unscathed.
Anyway, he said that his back and leg wouldn't be bike worthy for many months, and we struck a bargain.
I repaired the bike to road worthy and bought a spring at the hardware store for the throttle return.
At $0.75, I think it was the cheapest part I bought for the bike. And, I very rarely use that throttle friction knob... and only while parked.
