To quote Clymer's (I'm doing this this weekend for the first time):
Anything prior to 4 was dissassembly
4) rotate the crankshaft clockwise w/ the kickstart pedal until the T 1-4 mark, visable through the peephole in the breaker plate, is even w/ the outer index mark.
5) either no. 1 or 4 is at TDC. Find out which by feeling the rocker arms . The one with them both loose is the one at TDC.
6-8 is adjustment
9) rotate another 360 degrees with the kickstart. The opposite one from step 5 will be loose. Set and adjust.
Adjust 2 and 3 with the T 2-3 mark.
I'm really posting this as this is what I have. I've got a '75 CB550F and have some tune up work to do. If its incorrect, please correct me so I don't mess this up this weekend!