Hey Rocking M!
You should buy that bike! Its pretty good. As Mike said we have all seen it in person and Steve (the guy selling it) is a friend of ours and fellow SOHC rider. The K1 is a good project. I was going to get it but lack of cash and 2 other bikes put paid to that. Anyway, tank is clean inside, lots of bad chrome flaking off all the engine covers and has some cool custom tappet covers. Seat is stock, bars are not, tailight is stock....wheels rusty....thats all I can think of just now. Not a bad deal overall.
Let me know if you need something more or contact Steve via his website
www.hondarestoration.comcheers
Andy