Excellent stuff.
It is extremely important that the exact torques are applied to both the bearing and to the locknut - and that the bolt is held completely still while the locknut is torqued. And for that, you must use the special tool.
Story time to qualify that last statement.
In my youth I did a lot of cycling and building / rebuilding pushbikes. One skill was getting the wheel bearings adjusted properly - loose ball bearings and a conical 'nut' which was scooped to form the outer race for the bearing as well as keeping them in place. Tighten this too much and the bearing is would be stiff to turn. Tighten it too little and the wheel would spin freely, but it would have a lot of play and would wobble on its axle.
The margin between these two states was tiny. I wanted zero 'play' but a freely spinning wheel. Finger tight and then back it off a smidgeon was just about spot on.
Then hold the cone in place with one very thin cone spanner, and tighten the locknut with the other - holding the axle solid at the other end. Perfect. Except it didn't work. Every time the lock nut was tightened, it introduced 'play' in the bearing.
So start again.
The issue is that the tightening the locknut, doesn't just clamp the locknut down onto the cone, it also 'stretches' the axle - by that, I mean the correct pressure on the bearings has been altered by the threads of the nut and bolt being squeezed more tightly together - The locknut was pulling the cone towards it - only a tiny amount but enough to make a big difference, which could be felt as extra play in the wheel bearings.
So the technique had to be changed. Tighten the cone finger tight - and then a tiny bit more with the spanner to compensate for the 'stretching' effect. Then tighten the locknut. Then test. Repeat until the required feel was obtained. Eventually I got to know know how much 'tiny bit more' had to be applied and I could get the bearing spot on almost first time every time.
The same thing applies to the swing arm bearings. They are tapered bearings, so as you tighten, the bearings are pressed into their shell and will not be able to move. Just like the pushbike cone. Put on the locknut, it doesn't just tighten the locknut, it relieves the extra pressure on the roller bearings.
Honda have worked out how much 'that tiny bit more' is - so when you tighten the left hand bearing bolt, they specify a torque setting that is actually too tight. Then when you tighten the lock nut it is exactly the right amount to keep the locknut tight AND to relieve the excess pressure on the tapered roller bearings.
It is extremely important that the exact torques are applied to both the bearing and to the locknut - and that the bolt is held completely still while the locknut is torqued. And for that, you must use the special tool. The amount of torque quoted for the locknut has been adjusted to correct for the added leverage of locknut tool's arm.