Thanks for weighing in @cowpuc!! Yes, its the Vacaville bike - now don't go buying it out from under me! Haha! Assuming it lived most its life near Vacaville, yes that's a pretty warm & dry climate so I'm feeling a little less concerned about the frame. And not too terribly concerned about 2nd gear. Was not aware of stator or water pump issues, but not feeling too afraid to tackle those. Fork springs, yeah that makes sense, so I'm game for that too. At this point, I'm just waiting to hear back from the seller to take the next step and go see it in person.
@Flyinfool, yep I'm assuming another carb rebuild will be in order, unfortunately. Best case, I get the nice surprise that its not needed, at least not urgently. But in any case, I'm factoring that in. If I'm ultimately into it for $2-3k and I have a super clean touring bike ready to rip, snort and roar for another 100k+ miles, I think I can live with that!
Cowpuc, if it works out, would love to have you stop in and check her out on your next trip through the area. Heck, stop in and say hi, either way!