Now that the Honda runs, it suddenly stopped starting. The first time I started it I had no problems, but a few days later I went back and the starter clutch wouldn't catch anymore. Strange that it happened so quickly, but it's apparently a common problem with the Honda's. I pulled off the clutch and found that one of the pins that keeps tension on one of the rollers was broken.
How it works is the starter spins the large gear, which has a hub center to the three rollers. When it rotates counter-clockwise the rollers grab the housing around them and rotates it. The flange bolted to the housing has a spline hub that is over the crankshaft. When the engine starts, it rotates faster than the clutch and disengages the rollers.
Here you can see how many more points of contact this clutch has versus the OEM one. This one functions similarly to the original, but instead of rolling these 'lobes' pivot to provide bite or slip depending on the direction of rotation.
Here it is all assembled with some red locktite.
Now that the starter grabs perfectly every time, it needs to stop again. I didn't take many pictures of this, but I installed rebuild kits in both front and rear master cylinders as well as all three calipers (two in the front, one in the rear). I didn't bother painting anything, I just wanted the brakes to work. Some day in the future the brakes will change along with some other goodies.
Now that there is brakes and a running engine it is rideable. There aren't any lights, but at least it's moving. More to come later. The 60*F winter is gone, and now its back down in the 30's, so progress will be slow again.