I drilled the weep hole in the trans case, threw in the new clutch kit, used trans (splines lubed), new BBY slave cylinder, and got the clutch bled. Pivot bearings actually looked really good, and there was no evidence of a final drive leak at the input shaft or wheel hub. I routed and secured the used main harness, then slapped the rear frame, paralever, and final drive back on.
Having made good progress on the mechanical end, I decided to spend the next couple weekends getting the wheels, body panels, and exhaust cleaned up. It was painfully obvious that this bike had spent a good majority of its life stored outdoors (which was later verified by the P/O’s address on the title). The P/O had removed the word Cup from the Boxer Cup decal, so both decals got replaced. It was also fairly obvious that the bike was bottomed out while being loaded onto a trailer at some point, as the front belly pan mount was mangled and the leading edge of the belly pan itself had some nasty damage. I ended up spending a borderline embarrassing amount of time getting all of the painted parts polished/waxed, and polishing the exhaust from header to muffler, but I still feel it was time well spent considering how good everything turned out.