Several of you asked me for pix of "how to modify the clutch for smoother action and longer life". I'll attempt to show something here (I haven't posted pix here before, hope this works)...
Below is a picture of the oiling holes in the "recessed" area of the hub splines, like the ones you want to add to your hub. These are the original "inner" holes, as Honda called them. Please note, this hub has not been modified yet.
Modified 2/6/06: can't seem to get the pictures to show, so here's a link to it at Snapfish.
http://www.snapfish.com/slideshow/AlbumID=36832905/PictureID=1068037281/a=44049126_44049126/t_=44049126This next image showed both an "inner" and an "outer" hole set: don't add "outers" to your hub, at the "top" of the teeth. This weakens the hub a bit where the plates engage the center.
[-- This link did not work. If I find somewhere else or some other way to post these, I'll try them again.]
The hub you see here is from a 135 HP CB750, so the marks from the clutch plates are quite pronounced. It ran a stock Honda clutch with stock oil holes, which gave short life.
If you look around your hub, you will see "sets" of oiling holes, alternating 1-hole and 2-hole patterns. They also alternate "inner" and "outer" around the hub. Again, don't add "outer" holes, as this weakens the tooth in the hub. Estimate an "in-between position" from the existing hole locations, then drill 1/8" holes. Add as Honda did, 2-after1 and 1-after2. I typically add about 50% more holes than the stock hub had: different year models varied these holes, with the K8 having the most. (My K2 had 12 holes stock, now has 18 holes.) Also, bevel (some call it "countersink") the holes, all of them, on the inside of the hub. This improves oil flow and is the only "official" modification that Honda would approve, because they were so afraid of warranty issues with heavy-handed American riders.