I have found that setting up a sprotor is a pain on anything, let alone a CB750. Forget about using any lubrication unless you just want the brake as a visual aspect on your bike. Normally any fluid will be slung off the sprocket/rotor, but you have to be careful when applying wax or chain lube, you need to ensure that the excess is cleaned up and then you need to remove the brake pads and clean their surfaces immediately then reassemble the caliper. Your chain will get coated with brake dust and require cleaning more often. But the cool factor is somewhat worth the extra trouble.