[Burns]

Here's a link to my '79 GS750E. It was a track bike that I made street legal. It's the easiest direction to go with what you've got.

1979 GS750E did right

so now that I have the GS in my garage, I can finally start ordering the things I need for it. The PO used if for track days, but due to a TBI from an accident (presumably on a different bike...) can no longer ride. My plan is to catch up on basic maintenance for it, do some suspension...

www.caferacer.net

Here's what I'd do if I were you:
-Full service according to the clymer manual/factory manual (Especially valve clearances)
-New braided steel brake lines
-New All Balls wheel bearings
-New tires ( I like Avon Roadriders, but there's a lot of good ones out there)
-New All Balls stem bearings
-Progressive front springs with heavier fork oil
-Fork brace
-Progressive or Hagon rear shocks
-Stock Carbs and airbox
-Muffled/baffled exhaust
-New throttle and clutch cables
-Dyna coils and ignition
-Superbike Bars
-New chain and sprockets

That will get you a bike that will run circles around a stock version... after that you could look at some spicier things like smoothbore carbs, box swingarm, cartridge emulators in the front forks etc.

Perfect advice I'd say. up till the smoothbore investment, Its a solid UJM.