I found a little time to do some exploring of the bike.
I did the following to see what things look like:
1) Remove exhaust
2) Removed plugs
3) Drained oil
4) Inspected gauges and controls
5) Cleaned exterior of tank and inspected inside
6) Overall scan of all components
The pipe came off without issue, I was able to separate the header and can with 30 seconds of wiggling. Overall, the exhaust is in nice shape. Has a couple dents underneath in the usually spot and a little scrape/dent at the end of the can. I like Larry's idea to ceramic coat the pipe, although bringing it to it's original chrome state would be cool too.
The spark plugs gave no indication of issues. They are NGK plugs that appear to be period correct. I had this thought as I pulled them, wondering if they are the original plugs. I don't think there is any way of knowing.
I pulled the drain plug and prepared myself for a flow of some ugly fluid, gunk and bits. I was pleasantly surprised......... the oil looks very close to what you would expect oil to look like after running it for 2,200 miles. Is it possible?? It had a very light smell of fuel. The drain bolt had just a bit of sludge. There is no indication of the pan being dropped, this will be one of my next tasks.
Gauges and controls are I great shape. Missing the little knob on the clock. Cables lines and grips all seem to be original.
The fuel tank interior is virtually rust free and does contain small amount of fuel. I will drain and inspect it soon. The tank and all top surfaces have some type of overspray on it. I can't tell if it is 30 years of dust or something else. I did a quick hand compounding, followed by a clay bar. This process cleaned up the paint, but did not remove much of the overspray feel.
After a good scan of the bike, the history we were given of the bike seems plausible. The tires are matching IRC brand, which are mentioned in the 1979 owners manual. All brake lines are dated 1979. Cables and lines are all directed properly.
With the help of you guys, I have located an air box, original pipes and a baffle for the yoshimura. I am not sure if I will be setting it up with the Yoshi/stacks first or back to original first.
Thanks!