I like Biopace, and do notice the difference right off when I ride a bike with round rings. Just as the crank reaches the power stroke where you would feel the most effort, it just releases, and feels almost like the backside of the pedal stroke. IE: Much less perceived pedaling effort in my experience. I have them on a couple of my nicest bikes as standard equipment. Namely my 88 Cannondale MTB with Deore XT, and the Trek 520 I recently acquired. I actually like it, but I'm not sure I understand why many people hate them so much?,,,,BD
And yeah, looks like a good solid bike that just needs an overhaul, and maybe a shifter?
Hope you don't mind me using the anti-facists statement as my signature? It fits so very well with my avatar theme!