Hey Branden, here is something to consider while the gear box is off. This is my guess, hopefully my last guess.
It's the circlip.
It could be fatigued or partially unseated from its groove, weakening its effectiveness. Your symptoms are a snug fit for this, I think.
Here's the good bit, since your there anyway, with the clutch basket removed you have a small window of view to see if the circlip is fully engaged in its groove, all the way around.
Here's an even better bit, with the seal removed you have access to the circlip, without having to split the engine.
That circlip has been under constant compression for thirty years, it could be fatigued.
The K75 does not have a diaphragm spring, like the K100 does. The side load from the gears, with their helical cut teeth, would put the circlip under substantial compression in emergency braking situations. The K100 has a diaphragm spring to bear that load, which would be stronger. With the K75 that compression could partially dislodge the circlip. I would guess though, it would be more likely to be fatigued after years of accelerating and braking forces.
I would take a photo of the circlip, then check that it makes contact with the bearing and see if it can be pressed further into its groove. I feel that it will make contact but might not at 3,500rpm.
If your able to speak with the previous owners, it would be worth asking about its service history, and maybe if there were any occasions of emergency braking.
If I was that far in there anyway, I would replace the circlip.
It's not the only possible cause of output shaft endfloat, but I think it's an easy access option.