The cam chain adjuster on my 79 model was probably what caused the cam chain failure. Upon inspection, the nylon/plastic part of the adjuster (that rubs against the chain) had worn away, so it was metal on metal in spots. Also, with the chain whipping back and forth, it put a perpendicular groove in the channel in the head.
The only downside is getting to it without taking the motor all the way apart. It may be possible to inspect and/or replace it by removing the head. Check the FSM for your bike/motor and see what it looks like.
Good luck. Finding and fixing it now is gotta be cheaper than a teardown/rebuild because something inside went *boom* or *snap*.
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.