Of course it is inefficient, it was designed back in 68. but it is not as back as you think. Yes it IS a single disk and so is limited. There are a couple things you can do.
A steel braided line will help a lot. You can get one from galfer, helusa, or even a local hydralics shop. No matter what you do, get one of these.
Rebuild the caliper. They work pretty well but using DOT 3 fluid attracts water which then causes corrosion and binding.
Swap the front end. You have a couple options here. The early goldwing gl setups were a very common mod.
They still used spokes and had a dual caliper setup. Just transfer the whole front end, forks and all. I am not sure if you need the triple tree though.
the other option is the F2/3 front end. It is possible to use the spoked wheel still but I think you have to use the F axle but I am not sure.
Your final option would be to get a second disk and caliper for a K bike and mount it on the right leg. For this you will need the cb500/550 speedometer plate to swap out the 750 one. The bolts for the current rotor will need to be longer. You will need all the same hardware to mount the caliper plus some washers to use as spacers.
I have not done this but can describe, fairly well, the procedure.
I have not heard of someone fitting a brembo but a dual set up, even using this old stuff, works very well.
Are you going to do stoppies? No but then the weight of the bikes would not allow that with the forks.
So read this and decide what you might want to do. Check ebay just to get an idea of parts cost and we can go from there.
The ride IS the adventure. The destination is just to get gas!