Finally an update. I went through the carbs (OEM hard parts, honda gasket kits), changed the oil and filter (old stale oil was surprisingly dark), flushed the tank, soaked the petcock screen/bowl in berryman's, re-seated all the electrical connections I found to break any accumulated corrosion and she fired up after just a little cranking. I let it run a bit, but the petcock bowl was leaking all over so I shut it off but everything sounds good. Actually sounds damn good for a bike who which was last registered in 2003 (I think the PO exagerated when he said it parked "a couple years ago")
My current to-do list:
1) Battery fill/charge
2) Petcock bowl o-ring (can these be purchased separately?)
3) Caliper/possible master cylinder rebuild.
4) Test drive to shake out any other issues...
Any other big issues I should check before the test flight?