With a rebuilt caliper & master cylinder plus braided SS lines, I can lock up the front on my 450... in the dry. If I get caught in the rain though, my front brake power is, um, shall we say, significantly compromised.
I don't have any first hand experience with the 500T, But I don't see why it shouldn't be as good of street ride as a 450. I've been riding mine around (cb450) for over 10 years now, it's been as reliable as any other vintage bike I know of, more reliable than most in fact. Not as fast as the inline fours, but unless you're racing one you'll not likely notice. Plus you get the parallel twin exhaust note, which IMO is as cool as hell. FWIW, my bike had 8K miles when I bought it. No valve train issues so far. <knocking on wood>
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