I currently have a 77' 750K petcock on my 78' 750K, no problems. Like the ebay add states "the fuel outlet is on the side (towards the rear of the bike) instead of out the back (towards the engine)". Didn't the sealer bond to the screen? How did you remove the screen without damaging the sealer?
After I removed the tank screen from my 78' 750K I switched to an in-line filter.