Congrats on the purchase! 73 R75/5 is one of my dream bikes.
Have a look at the post "Advise on carburetor rebuild" to give you a few ideas, though I expect you don't have Bing carburetors on yours.
My bike was running rich when I bought it as well, a very simple fuel mix adjust can go a long way. Here's how I do it:
1. Fire up the bike and get it idling at a constant RPM. (~1500)
2. While idling; locate the fuel mix screw on one of the carburetors and slowly turn it either in or out. Listen for increase/decrease in RPM. Find the spot where you are at max RPM
3. Do the same for the 2nd carbu.
4. Adjust the idle screws to run between 900-1100 RPM on a warm engine. Try to make sure that you have equalized the contribution from each cylinders as much as possible.
** If you find that the max RPM is when the screw is all the way in, then you will need to open up the carbu to properly sort out the mix issue. **
Check out this link from Chris Harris, it's pretty good.
https://www.youtube.com/watch?v=a_HyX1qLPbQIf I remember correctly Chris Harris disconnects the HT lead from the spark plug hence running only 1 cylinder at the time. This is probably a more accurate way of doing it, however I had positive response on the spark plugs doing it with both cylinders running as well. They now run on a dry brown-ish colour, which I have been told is acceptable.