As a guy that grew up riding and loving air cooled UJMs (I'll be 55 this year) and along with a fellow gearhead restore larger displacement bikes (Z1, GS1100e, GS1000e, CB750 etc.) for fun an meager profit, I generally fall on the side of restoration over hacking them up. That being said, the wily Japanese flooded the US market in the 70's-early 80s whilst almost sinking the HD ship. Most of the bikes I have seen on this fantastic site (I've been lurking around since 2007) started out as forgotten, rusted hulks bought for beer $$ and often turned into magnificent swans that reflect the ingenuity, resourcefullness, and creativity of the builder.
Restoring these bikes is generally not financially pragmatic unless it's one of the more iconic marques.
I am currently working on 5 bikes...3 cafes (1975 CB550K, non-hacked in any way but with clipons, Viet rear sets, hidden lith ion battery, etc, 1974 Kaw KZ400 that I got already frame hacked, 1981 YAM SR250) and 2 restos (1982 GS550M Katana and 1981 GS650e).
Good luck with the CB build, looks like your heading in the right direction, but I agree with those who are a little worried about that Gixxer front end on a few levels.
The true "hipsters" are those that really don't know shit about bikes but think cafes are cool and have the means to shell out $3-5K for a bike someone else built....which isnt necessarily a bad thing lol