If you have a few days...........do some reading on
www.sohc4.net............Take a look at the competition page for the guy from the UK that went 200+mph.........
then look at APE and CYCLE-X for build kits...............
The $1000 offer may be a little low........depending on title, running, and solid pipes. I had a '69 in '69 and still have a '73 from new.
Your '75 should do about 105 mph on the salt in stock form..............and 120 with a few mods.
In 2009 4 of us met as spectators at the BUB trials riding CB750s........all with stock pipes.
If you look through the various classes, you would have to get the bike up to the 150mph level to compete as a 750. I think its do-able but will take a few bucks.