Well I couldn't just let it die on CL, so I brought home this Shogun for a cool forty bucks two weeks after I passed on it at sixty. Looks like it's been through the ringer but rides well enough. 105 everywhere but the mismatched-and-too-big 27" wheels. (Found a nothing-special 700c wheelset at the coop on the cheap, so that's resolved.)
The as-purchased pictures ain't pretty so I'll keep them to a minimum:
And a question... is this rear wheel anything substantial? Keep for future? Sell? It's laced to a 27" Mistral rim.
Anyway, looks like I've got a project on my hands.