For gearing: the '77 engine has a lower primary drive ratio than the '76 K6 type does. Honda used the [rough] equivalent of the K1 gearing in the late engines to boost performance a bit. This gearing was lower than in the K2-K6 engines and bikes.
Here's the numbers:
The K1 (and warranteed K0 retrofits) used 17/48 sprockets with the 530 chain.
The "touring" gearing came along in the K2, with 18/48 sprockets on the 530 chain.
Here's the 'catch': the K7 engine's cam starts its powerband at about 5000 RPM, while the earlier engines come on about 4200 RPM with about the same torque. This is due to the cam timing, intake side. So, you may want slightly lower gearing to bring the power on slightly sooner: this was how the 15/43 sprockets came about for the 630 chains. If you use the 17/48 combination in your situation, the engine will feel more responsive, more of the time, especially when commuting in the below-interstate speed ranges.
I am the 'odd bird' of the 750 touring riders: I run 19/48 on my K2 when I go 1-up touring (80+ MPH out here in the West), and mostly 18/48 for commuting (never gets above 3rd gear then, though). I sacrifice a bit of torque in top gear below 65 MPH and have to use 4th then, but at 90+ MPH it sings a sweet song.
