Hi Jesse,
I've been waiting a bit to give input as you have been posting some great pictures and descriptions of your progress. Thank you for sharing.
Most know that I am a proponent of saving every Diablo possible within reason. That is why I rescue Diablos all over the country destined for the salvage yard or getting parted out on ebay. But with your distance from the Diablo heartland (which is Wisconsin), I'll be honest in telling you that you might have one of those Diablos that even with the best intentions might cost you more to fix than if you were to just go out and buy another. I've seen guys try to refabricate chassis, bogies and other parts with little success getting these pieces back to original. Some of your challenges include:
- Your Diablo is an early model 500 so from the get go, you should be reinforcing the chassis and making a number of updates to the bogie stations, adding a heat shield and motor drop plate, welding gussets on the handlebars and so on just to make the Diablo reliable.
- Your Diablo already has some modifications to the chassis that may be able to come back off cleanly, but to look original, will need to come off.
- You need things like a seat and skis and the expense that goes with them.
- I think it was Roy that mentioned your sprockets need replacement. Those are also expensive items.
- You need a ski seater if you are going to try and put it back original.
- Not sure if you have the right motor or not, just can't tell from the pictures provided. I did notice the recoil handle coming out of the top of the motor instead of pointing toward the dash, so that makes wonder what else is different.
- The gas tank are has been modified, so I presume the gas tank is not original.
- Adding to all that is that when you are done, you still have a model 500 which has some limitations compared to the later model 502s and 503s.
I could go on if I had more pictures and people had the patients to listen to my ramblings. But here is food for thought - this is a fully restored Diablo 500 I have. Been driving it for a year now and really enjoy it. It's got all the updates and is all original. This Diablo is worth about $3,500 as it sits. You might find out after you get all the parts and figure the labor you need to put into it, it may not be worth what you have put into it.
Hope that helps.

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Too many Diablos and parts to count.
Yamaha 600 SX