They were used on the 1960 Dream and I believe that they act as a flywheel to absorb the irregular torque loading that the camshaft puts in to the cam chain and tensioner mechanism. I think that Honda were just being prudent.
Judging by the engines I have dismantled the cam chain does lash around somewhat so this may have been a good idea that was later deemed too expensive, or an unnecessary piece of over-engineering.
One engine I picked up showed that the chain had "sawed through" the front oil gallery.....
![Image](https://farm4.staticflickr.com/3548/5823750051_ee6106dd74_o.jpg)
It will be interesting to see how it runs / performs when back together.
The over-engineering is obvious to see on the unit as it even had a little spring plunger thing that drops into the splines on the nut as you tighten it. You cannot just spin it on you have to physically overcome the spring plunger with every spline that passes it.