Did you prepare your bike for the storage period? The gas needs to be stabilized prior to storing the bike for several months; the battery should be connected to a smart trickle charger (
Battery Tender Jr. is a great unit for this: microprocessor-controlled, four different charging modes, self-monitors, changes modes as needed; sells for $20-$35, depending on sales).
Have you run a cleaner through the fuel system yet? I use
SeaFoam for both storage preparation (gas stabilizer for up to two years), and as a fuel-system cleaner (absorbs water, dissolves varnish) -- I add it to the gas tank on all of my vehicles, around once per month, as a PM. You might have some partial blockage of the jets, due to varnish.
SeaFoam is fast acting, and inexpensive at $6-$9 per 16 oz. can. If it works, great! If not, you are only out a few dollars, and a few minutes of your time.
Back in '79, the API oil standard was SE... Today's API standard is SN, and there is no comparison between the quality of modern oils versus the SE standard of yesteryear. I owned a '79 K model, purchased it in 2006, with 9,600 miles on it. I added
SeaFoam to the crankcase, ran it idling on the centerstand for five minutes, shifting through all gears, to circulate the
SeaFoam throughout the engine, and the transmission: it turned my caramel-colored oil coal-black, due to dissolved carbon deposits, and other crud. I changed the oil and filter to remove it all from the bike. After another 5,000 miles of hard riding, I repeated the process: the oil never darkened, even after 300 additional riding miles -- I changed out the oil and filter just to be safe.
The '79 models run at 250 F, which was the thermal limit of the SE oils. This explains why I got so much crud out of my engine with the first treatment. The modern oils, even the conventional oils, do not break down at 250 F -- their thermal limits are higher (how high, I don't know). I would recommend treating your engine/transmission with
SeaFoam once, then use modern API-rated oils (use only the
non-energy conserving oils, though, to avoid clutch slippage caused by these additives!), or any API-SL or higher rated oils. Shell Rotella T conventional/T6 Synthetic diesel oils (rated SM for cars) are excellent, have no friction modifiers/energy conserving additives, and they're inexpensive ($12/gallon, and $22/gallon, respectively, at Wal-Mart).
I would also recommend changing out the fork fluid. Mine appeared to be original... I used Dexron III ATF fluid in three different bikes. It is what Honda used/recommended in the '79 model. It is equal to around 7 weight fork oil, but it costs less than half of what fork oil will: <$5 as opposed to $15, for a quart. It improves the front suspension, handling, etc.
Best of luck with your bike! Cheers!
1979 CB750K (sold, 2012, but not forgotten)
1983 Kawasaki 440 LTD Belt Drive (sold, 2011)
1993 Kawasaki Voyager XII