Update for those who care
Clutch springs cured the slipping clutch, just like it did on my '81.
The rear brake cylinder rebuild kit solved the rear brake problem (imagine that)
I'm running the bike on a set of tk27 carbs off an 84 or 85 and lucked out on the jetting with the pods, this thing runs great idle to redline and has been a blast to ride around, I've got about 350 or so miles on it. I cleaned the tk26 carbs, the correct ones that came on the bike and it will run and ride but the jetting is so far off it stumbles bad at the big end, I'll put those on a shelf for the next one.
I found a fairing on ebay for $55 with windshield that I snagged up only to realize it's for a 750, I was able to get it fitted anyway with some cutting and tapping on the mounting brackets, looks ok for the most part. The paint was so bad on the fairing that I sanded it down and shot it with duplicolor Ford Cardinal red, many coats of clear and then wet sanded with 1500 grit and buffed it out. It turned out better than I had hoped.
I'm very happy with the bike that I have for the money that was spent, Here's a couple pics. The bad news is I'm out of space and cash so I won't be able to keep both bikes.