Faults:

Engine cutting out at mid to high RPMs after the first 300 miles. Dealership was able to isolate it to the spark plug. Replaced with a hotter NGK plug and that seems to have corrected it.

There is a buzzing coming from the headlight assembly at almost any RPM. I can quiet it by putting my hand on the headlight so I just need to find a way to deaden the vibration, perhaps a small bit of foam.

General Comments:

You buy a classic 500 for the looks not the performance. When people ask me how it rides I reply "Like a tractor. But also like a tractor it will go all day."

0-60 mph this bike just chugs along without a care. I have had it over 70mph in ideal conditions with a little throttle left, but if there is much of a headwind you can forget those magical higher numbers even exist.

You get tons of looks and people asking questions. So that is fun. And if you are willing to wait a few weeks, parts from India on eBay are exponentially cheaper than from the dealer.