I owned a '72 Suzuki 750 GT, the Water Buffalo, a 3-cylinder two-stroke. It was the genesis of my Sport Touring career.
The two-stroke was tuned to produce a very strong mid-range, and was highly drivable in traffic, on the highway, and on curvy roads. However, the large piston area of the triple produced a lot of Surging, the term for a "detonation" effect coasting with throttle closed. A four-cylinder 750 would not have. But, looking toward the future, the two-stroke was doomed to "drivability problems" if displacement were, inevitably, increased.
The suspension damping was minimal, and then very shortly, non-existent. Friction damping at the rear, and fish oil in the forks that deteriorated. When good fork oil was used, the valving, such as it was, wore out.
None the less, fitting a Wixom handlebar fairing, and fiber-glass bags from White Brothers (we made detatchable mounts), the bike did Tour well. That we "toured" to get to Sporting Roads Way Over There is what birthed Sport Touring in Southern California.
Ride-mates were Honda 750s set up similarly, and then with Vetter frame mount fairings, and even later, the Vetter bag package.
Soon the 903 Z1 Kawasaki was introduced, and I had one, and set it up with bought out touring accessories. I also had an R75/5 BMW at the same time, set up with Butler and Smith stuff. At sport touring, it was woefully underpowered, but cornered a little better than the other bikes in our crowd.
The XS1100 (XS11) soon proved to be the premier package -- in California it was delivered with the fairing and bag package I've since learned were options elsewhere in the US.
Despite the name or term "Touring" being applied to the packages, this was truly Sport Touring. The bikes had evolved into Litre Bikes, and we were adding long distance capabiilities to them. It's the "sporting", or High Performance nature behind (and within) these bikes that give legitimacy to "sport" in the Sport Touring heritage whose beginning we were a part of.
I doubt Yamaha made much of a mistake in not producing the GL 750 - in terms of Sport Touring heritage. Honda was certainly prominent in the Street performance market with its 750 (Kawasaki was really into Drag Racing), but the 750 Suzuki was the first to strongly suggest going touring on a high performance bike. They would not become a prominent Sport Player until the advent of the GS 1000, and still have never regained any prominence in long distance riding of Touring or Sport Touring nature (The absolutely still wonderful Katana bikes called Sport Tourers, are really just Mild Old Sport Bikes that won't kill a rider to travel 300 miles on).
Yamaha was early in its transition to four-strokes and hit the market at full stride. Setting aside the GL 750 allowed the proper (in terms of future success) focus on the four-strokes. The XS11 still provides an outstanding, fast and strong distance platform - by restored, or scrupulously maintained bikes.
Thanks, RK, for sharing an important part of our heritage.