Draining forks: Be sure to put some aluminum foil over the rotor, wheel and tire below the drain hole before removing the drain plug. When you put the drain plug back DO NOT OVERTIGHTEN IT. The threads in the fork lower strip fairly easily. Just get it nice and snug so it doesn't leak or fall out.
Fork Oil: I use Honda SS-8 10W fork oil with good results. Note that fork oil weights are not standardized so 10W from one manufacturer may not be the same as 10W from another manufacture. For example, if you look in the BMW approved fork oils in the K75 Rider's Manual you'll see a whole slew of numbers and weights:
see k75forkoils.jpg below..
Fork Oil Quantities: Brian Curry did a nice write-up on this topic over at IBMWR: http://www.ibmwr.org/ktech/fork-oil.shtml (http://www.ibmwr.org/ktech/fork-oil.shtml)
Attached to this thread are PDFs of the fork portion of the 1988 Haynes Manual for K75s and K100s as well as the Clymer Manual fork portion for 4V K bikes.
edit by scott_ 10-13-13 to update missing photo