Join Date: Apr 2011
Location: Hot as hell, FL
Bikes: 1988 Schwinn Caliente
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Thank you both for your replies!
Whoops, I misdiagnosed what kind of brakes I had.. Thank you for the correction, Jeff. In answer to what is wrong with the existing brakes: Nothing. I inherited the bike after it had been ghetto converted to a fixed gear, and the bike currently only has the front brake as a result of this conversion. The front brake works great, and really just needs new pads after I put a new cable on it that I had lying around.
I'll definitely read the Sheldon article you referenced, FastJake. It looks like I would be better off finding a cheaper alternative to the Ultegra units I was looking at. I can probably scavenge a rear brake that is similar to the front for way cheaper, and still accomplish what I need to for this rebuild. Thanks for the help!