Consider your goals carefully. For better suspension, I think the 450 can use cartridge emulators, which will make a significant difference. Drum brakes can similarly be made to be quite effective, if still annoying in their tuning and maintenance.
If you want a spoked wheel up front, be prepared to spend significant time and/or money with machine work, unless you get the front end of a modern Bonneville or SportClassic and use that wheel.
Specifically, using a modern sportbike front-end will be expensive when all is said and done, and you might find yourself hitting the gas tank with the forks from very little movement of the handlebars. There are other considerations...
I know this because I'm in the middle of doing it:
http://www.hondatwins.net/forum/viewtopic.php?f=5&t=26507