(Comments on what might be worth replacing or other ideas are welcome)
I went looking for a bike at local garage sales last weekend and had a great find after checking just 3 places:
A Japanese-made Centurion Master Ironman Dave Scott of 1980s vintage. I'm not sure exactly what year - maybe someone can help identify that based on color scheme and components.
My plan is to convert it to fixed-gear or a flipflop hub. I'm also pondering whether to keep the original paint job or spray it to a single tone. Right now, the bike weighs under 20 pounds
Components when bought:
Frame: Tange Champion #1 (CR-MO double-butted steel). Forged dropouts.
Gears: Shimano 600 SL-6400 M5
Brakes: Shimano SLR.
Stem: Nitto B115 420
Pedals: "Look" brand metal clip pedals
Chainwheel: Shimano Biopace
Hubs: Shimano 600 w/ quick release
Front Rim: Araya CTL-370
Rear Rim: Mavic MA-40
Seapost: Sugino SP-K
Saddle: "Champion" brand. Far from the best. This will be the first thing to go.