Ouch. This won't be pretty. Sounds like a broken connecting rod. During the teardown, look at all the bearing surfaces and all the seals, just in case they need changing while you've got the motor apart.
On the upside, this is a good learning opportunity on Honda engine rebuilding. On the downside, it may get pricey depending on how much gets changed out and repaired. Good luck.
Luke M
Used to have a 1979 CB750L, sold it as a parts bike, now riding a slightly modified 1984 VT700C. Network/Field Engineer. Central OH, USA, Earth, Sol System, Milky Way Galaxy, Universe.