I've had this bike for about four years, I wanted to go through it and make it a cafe bike but don't have the time or money to do what I would like with it. I never transferred the title to my name (the old title is pretty cool looking, might be original owner). The bike runs but currently does not hold an idle, runs lean and better with the choke (enricher) on. I went through the engine and replaced all the seals except for the inner crankcase seals (two, one left, one right) as I did not want to separate the crankshaft. I did not replace any bearings but they seemed fine. While it was apart I also added the oil dam to the crankcase, you would now fill the the the crankcase with oil and add 200cc. There is a technical bulletin on the older T500's for this issue. I have pics of the oil dam in place along with a pic of the tranny, the gears are in fantastic shape. The engine is standard bore and could be re-bored several times in the future when needed. The good.
The bad.
The ugly.
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