You could try spraying your penetrating oil through the holes in the bottom of the slide. Â Fill the whole thing up and let it sit. Â Maybe put it under a 100W light bulb (incandescent) to give it a constant, gentle heat. Also, I'd suggest tapping with a plastic hammer, not grabbing the slide with vice grips. Put a lateral force on it rather than trying to pull the slide straight out.
I remember when I was dealing with a frozen trip meter a member here suggested soaking the parts in vinegar to loosen the rust. Â You could try that too. Â Not sure how that will work or behave with the aluminium, but I think it's worth looking into if the penetrating oil doesn't work. Â Either way you go, patience will be your friend.
Being an '81 doesn't change much for your bike, although that round master cylinder reservoir is supposedly not removable from the master cylinder bore. Â The later rectangular ones are, and thus better IMO. Â Seeing your pictures of the reservoir, I'd have a look inside the MC bore itself. Â Could be a good amount of pitting in there. Â New ones aren't cheap, but not outrageous either. Â You could probably source a used one online. Â Pay attention to the bore size if you replace or repair, there are several different MC sizes available for your bike.