You didn't say at what engine speed you were when you tested your system. At idle, the charging system is not charging. It doesn't start supplying current to the battery until at least 2500 RPM. My Haynes manual says to use 5000 RPM when making voltage and current checks.
When I had issues with my Shadow, I remember the yellow to ground circuit measuring about 18 volts or so at 2500 RPM. I expect the CB750 to do about the same.
It looks like you've replaced just about everything in the charging circuit. 4.5 ohms on the rotor is about right (don't have the CB750 manual downloaded, and my Haynes manual doesn't mention that in their tests). If it isn't I expect someone else on the forum will chime in.
The diode array takes the voltage from each of the yellow wires, and converts it from AC to DC. If your multimeter has a diode setting on it, you should see about .6 to .7 volts from a yellow wire to the red/white wire, and when you switch the leads (put the lead that was on the yellow on the red/white, and vice versa) it should show much more than that. If you don't have the diode setting, you can use the lowest ohms scale. You should see a low resistance measuring one way, and very high/infinite resistance the other way. You should see roughly the same results measuring from each yellow lead to ground (either the frame, or the green lead in that area).
One more thing to check: make sure you have a good solid connection between the main ground lead (under your seat, if memory serves) and your frame. Any corrosion, or a loose connection, will give you a flaky electrical system.
I hate to say it, but welcome to the wonderful world of 30+ year old bikes. I'm running into the same issue with my '84 Shadow. Took me about a month to hunt down some parts for the front forks. That (and the rude intrusion of real life) made a one day job take about a month. Still, it's a great feeling getting these old bikes running and running well. There's no shame in taking yours to the shop, if you've run out of ideas, and have the cash. The end result is getting the bike working, right? :-)
I hope this helps.
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.