If so, yes electrodes erode while sparking. They can also be reconditioned several times with a small file restoring the sharp edges and simply re-gaping them.
Only if you pull 'em out.
Which you have to do to clean them.
However, you aren't going to change the 3000 mile service interval by simply changing spark plugs to iridium.
That's interesting. Why not? Are you talking about the spark plug service interval specifically, or other items, too? This is an honest question and I'm very interested in learning.
Seems like you haven't read the owner's manual. See attached:
But, unless your bike is from the lean burn era/has an accelerator pump, or CV carbs, the idle is purposely set rich, which soots up the insulators on the spark plugs. I don't care if the electrodes are iridium, if the insulator gets a conductive coating is will still fail or cause misfires. So, spark plug cleaning at 3000 miles is still recommended, mostly because they way the bike is operated by any specific individual is unknown. Idling in traffic, soots them, WOT throttle helps clean them. "Average" conditions require them to be cleaned at 3000 mile intervals, and the gap "adjusted if necessary".
Feel free to factor those other thing in if you wish. However, I would point out that a 35 year old motorcycle, that is "maintenance free", is a bit of a myth.
It's not a bit of a myth, it's a physical impossibility. It's also not something that anyone mentioned anywhere in this thread.
If you don't want to or like to work on these old machines, why would you even want one?
So, the only valid reason to want a nice CB is because you enjoy gapping plugs and adjusting points? I suppose that putting an O-ring chain on is a dumb idea too because real CB aficionados enjoy pulling off a chain and soaking it in hot wax or gear oil or whatever. Of course, putting a better SCR-type regulator in to replace the mechanical one must be a bad idea, and similarly for going with a SLA or AGM battery. I suppose only NOS tires made from crap 70's rubber is acceptable also.
Nobody mentioned much of those things in prior comments either. But, somehow we are to assume they are justification of iridium plugs?
SLA and AGM batteries have their own trade offs, which have nothing to do with iridium spark plugs. Start another thread, if you wish.
But, since the rat hole is expanding, Yes, it is a dumb idea to put an oring chain on a Cb550.
No one makes an SCR regulator for an SOHC4 AFAIK. Do you know of a specific example? They may make a Solid State Regulator, which will work ok if the mechanical one fails, but even then, it is not "better", only different.
I suppose you are going to tell us all, that newer tires will add 10MPH top speed, improve fuel economy by 20%, and add 10 years to all our life spans, just because a newer technology is involved? (Just kidding... and to demonstrate I can put words in your mouth, too.)
Cheers,