Oh, ok, I think I follow what you are thinking, and I would probably do the same.........well to lump multiple 'to do's' for the rear side of the bike.
start with replacing the clutch nut o-ring 1st.
In the process, you will:
have the transmission out to lube the transmission input shaft splines,
have the starter out to clean carbon and check brushes,
you will have easy access to the alternator to check monkey nuts(cush drives)
have the rear brake lines apart to replace rear brake fluid and inspect lines for cracking, and inspect master cyl for dirt build-up,
have the rear drive off to lube final drive splines,
you may or may not remove the swing arm from the transmission(some people don't), so if you do, you can check drive shaft u-joint and swing arm bearings,
have the clutch cable disconnected at the lower end so have to check the adjustment on re-assembly, and can lube the upper barrel end.