-masking or painters tape
-brush on white out
-quart and gallon sized zip loc bags
-digital camera(take more pictures than you could possibly need)
-a few large size cardboard or Rubbermaid bins
-sharpie markers(preferably multiple colors)
These items will allow you to catalog and organise all those easily losable parts that make up your bike. The last thing you want to have to do is spend your project budget on non performance parts that already own...someplace...
The 160 is getting the complete ground up restoration, as in frame off, parts will be everywhere so organisation is key. The frame will be sand blasted at the a local do-it-yourself blasting shop and then dropped off for powder coating. I've always been impressed with Honda's use of the engine as an integral point of frame support, especially back in the 60's.
Further progress on the frame off restoration: