Cleaned the cases and inspected the main bearings, superblends in excellent condition. Cases went back together easily using Hondabond4 sealent. New cam chain because of all the heat and pounding it took to get the old cam nut off. New cam nut and oil pump drive tightened using a cut away timing cover.
I feel like I dodged a bullet on the bottom end. I knew the engine had water in it, but the only rust was on the bottom of the flywheel. If it wasn't for the water I would not have taken it apart as all indications are this is a really low mileage bike.
Note cheapo depot engine stand that is super sturdy.