G'Day Greg, well there's always a fair bit of "discussion" on this site (well on the old Lusenet site at least) about the value of drilling your discs, but regardless of the effectiveness, by drilling your discs your are reducing your unsprung weight and if done properly, improving the brake rotors appearance.
The best way to do it is to have an engineer drill them on a milling machine with a rotary table, that way he can dril the holes very precisely, ensuring that they stay balanced by having an even amount of material all over the rotor. Also it looks a lot neater if the pattern is even and uniform..
With a rotary table you do everything mathematically by degrees, so all you need to work out is what size holes, how many holes you want per row, and how many rows. The most common pattern is the old 2 holes, then 3 holes etc etc, but with a rotary table you can come up with all sorts of interesting patterns by just moving the ratary table by a set amount of degrees with each hole you drill.
The CB750 early K and F rotors were big slabs of stainless steel that weighed about 4 pounds each and are very hard, so the engineer may well charge you for a reasonable amount of labour and several drill bits may well get worn out in the process, but apart from the possibility that the perforations will actually assist in the braking performance, the reduction in unsprung weight and aesthetics alone is a good reason to do it.
Make sure each hole is slightly countersunk to remove the rough edge and give it a little insurance from cracking between the holes if you decide on a radical big hole (not recommended) pattern. Cheers, Terry.