If memory serves, the preferred fork oil back in the day was ATF. Typically the older Dexron formula. When I re-did the forks on my '84 Shadow, I went with Dexron. Your auto parts store (in the States, at least) has a couple different formulations. There's one for older GM transmisisons, and that's what I used. Most people say the viscosity is about 4-8 weight. My forks had old sludgy stuff in them (serves me right, as I hadn't changed it in 3 years). The ATF does make for more fork action/movement, so let's call it a smoother ride.
I plan on keeping this in here until next spring, when I'll change it out with some fork oil that's just a bit heavier (maybe 10 weight or so). Easy enough to change.
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.