Hey, Steve. Sounds like an interesting project.
I had a similar experience recently, where a neighbor decided that he wanted to ride his '66 CL77 Scrambler after it sat unused for 12 years. It had dual points, which was interesting to adjust. The valve rockers had the biggest gaps I've ever encountered - I could put my small finger in the gap. I presume somebody loosened the adjusters and forgot to set them.
Anyway, it runs great now. I didn't care much for the ride, though - it rides tall, almost like an adventure bike today. The scrambler has the 180 degree crank, and sounds interesting compared to the 360 degree crank in the CA77 Dream 305. Almost like a Harley, with uneven pulses.
Tomorrow I'm replacing the clutch on this bike. In the pic below, the seat was off for maintenance work.
