BigBoi:
While black smoke is overfueling, white smoke is unburnt fuel. Check to make sure that your ignition system is operating properly. If one of your coils, your points, wires, etc., are not working properly, they will cause two of the cylinders not to fire intermittenly or not to fire at all, dumping a lot of atomized fuel into and then out of the engine. Don't be mistaken in thinking you would feel a vibration if two cylinders where not firing... the CB750 is such a balanced motor that you could be running on two cylinders and unless you road tested it, you might not notice. The fact that you have to give it some throttle to keep it going further suggests the ignition circuit problem.
The blue smoke you talked about really didn't show up on the video, however, sometimes after assembly, oil on the exhaust, head, or other engine components, takes a while to cook off. It is probably not a worrysome sign unless it continues several miles after the fact.
As far as the ticking sound, I whole-heartedly agree with 73nancy on this one. Check your valve adjustment.
Keep us posted.