Yup, if its cracked it will leak. The 750's stator hangs way out there. If you drop it, it will crack.
Does the tranny shift? Theres not much to go wrong in the gears itself without a prior warning. Can you kick the engine (no spark, leave the keys out)? If so, do the pistons move like they should (look through he spark plug holes)? OK, no broken cam chain. If your chain oiled up? In neutral, w/ the bike on the center stand, can you rotate the rear wheel freely w/ minimal resistance? That's about what I can think up right now....