Bicycle Mechanics - tools for assembling and disassembling bike

so as many of you have figured from my frame painting thread, i'm planning on completely overhauling the nishiki competition i recently acquired. my plans are to use as many of the current components as possible. so having said that, what tools am i going to need for this whole project. i've got a decent number of mechanical tools from working on my car, so what bike specific tools are essential. more specifically, what am i going to need to remove the chain and cassettes, the crankset, and the bb?

The most obvious ones are:
crank puller
BB toolset (I have a pin wrench and a combination fixed cup / lockring wrench)

These are pretty specific to your components.

Are you sure your Nishiki Competition is a 1970? Back then, they were called American Eagle Semi-Pros. (Been there ... done that; bought one new in March 1971.)

The most obvious ones are:
crank puller
BB toolset (I have a pin wrench and a combination fixed cup / lockring wrench)

These are pretty specific to your components.Chaintool,most likely the proper freewheel removal tool, metric cresent wrench,cone wrenches, headset tool for lower cup.The metrec cresent wrench if big enough will handle the locknut.

Are you sure your Nishiki Competition is a 1970? Back then, they were called American Eagle Semi-Pros. (Been there ... done that; bought one new in March 1971.)
i got a difference of opinions on its year while searching the internet. thats why i referred to it as from the 70s and not specifically from 1970.

metric cresent wrench?
enlighten me, most people mean to say adjustable wrench when they say crescent wrench, which is actually a brand name.

metric cresent wrench?
enlighten me, most people mean to say adjustable wrench when they say crescent wrench, which is actually a brand name.Someone always bites. :D :p

anyone have a link or would care to explain the purpose of some of these tools and how they work (like what is a freewheel removal tool or how a crank puller works)? sorry, i'm a completely noob at this and i'm truly diving headfirst into this project. but i'm eager to learn and am handy enough to pick this stuff up quickly.

http://www.parktool.com/tool_indexes/toolindex.shtml

You don't need a freewheel tool or cone wrenches if you are simply removing the wheels to paint the frame. However, these are invaluable if you are overhauling hubs or doing other serious work on your wheels.

You don't need a chain tool if your chain has an SRAM PowerLink.

Okay, this is obvious but: A SET OF METRIC ALLEN WRENCHES!!

On your 1970 bike, allen-head bolts may only be used in a few places, but on modern high-quality bikes these are pretty much the universal fasteners (used wherever it's practical). Which is a good thing, because the wrenches to fit them are cheap and compact, and they don't get rounded off like philips heads or hex heads.

I think Allen bolts and chain tool are pretty much the first bike tools that everyone should have.

You don't need a freewheel tool or cone wrenches if you are simply removing the wheels to paint the frame. However, these are invaluable if you are overhauling hubs or doing other serious work on your wheels.

You don't need a chain tool if your chain has an SRAM PowerLink.

yeah i'm not overhauling the hubs until later on. basically i'm just aiming to get the bike disassembled so i could paint it. that being said, is it essential to take out the bb and the headset if i'm painting the frame?

yeah i'm not overhauling the hubs until later on. basically i'm just aiming to get the bike disassembled so i could paint it. that being said, is it essential to take out the bb and the headset if i'm painting the frame?
Well, you can cover the BB up with masking tape... but if its an old adjustable BB with loose bearing balls, it's pretty much guaranteed that it needs to be overhauled (cleaned, new balls, regreased). Same goes for the hub and headset bearings, by the way.

Actually removing the headset CUPS is a pain. What I've done is just very carefully covered them with strips of masking tape. It worked pretty well for me.