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Looks good to me! Nice enough from 10 feet is nice enough! You can just touch it up to stop the flaky bits from getting worse- that can't be too hard in Florida..? I do like a perfect bike but when it comes to a restore of a 40 year old motorcycle, it's intensive and $$$. ...and then, somebody will be blinded by the glory and knock it over it in a parking lot. (sigh)
The crackling on the engine casing is the old factory clear coat. It is going to take a lot of elbow grease to get through this. I did mine by sanding with wet and dry sandpaper and water. I started with a 400 grit, then 600, 800 and 1000 grit The lower the grit the deeper the scratches that will have to be worked out. It makes it easier if you use a drill with some orbital Scotchbrite pads that are available in various grits and configurations to get into the corners. If you take the casings off you can buff them up with a grinder that has a buffing wheel. You you can get buffing wheels and various grits of buffing compounds that you can use on a drill or grinder at Harbour Freight at reasonable cost.
As for the tank... it looks as if it needs to be stripped and repainted. You might be able to get away with scuff sanding and repainting the black. You will have to mask off the rest of it and all wax would have to be removed. I would go to an automotive paint supplier, they will be able to advise as to what paint and clear coat to use that is impervious to gas spills.

It's a survivor bike, treat it as such! "Telling a man his motorcycle is pretty is like telling him his pen!$ is cute"