Wogster

When you get the wheels, they will probably need to be trued and tensioned by hand, most machine trued wheels are either low on tension or they will be within about 30 seconds of starting your first ride due to spokes unwinding. There are a lot more tire choices in 700C, although considering that 27" wheels have not been on production bicycles in the last 25 years or so, the fact you can still get rims and tires is one of the interesting features in bicycles in that nothing every really disappears. Although these days if replacing a rim or a wheel, if a 700C will fit, that's probably a better idea, in that there are many more tire choices out there. One other thing I would do though, I would move to a cassette hub, just because parts are going to be easier to find later on.

gerald_g 

Ya I noticed on my "before" pics last night that I'd got them on wrong, I'll flip 'em around.

I've re-packed all the bearings. BB, Headset, and wheels. These are still the original wheels on there. It's the Apollo white bike that has steel rims, and will need new wheels.

Thanks for the tips.

wrk101

Then you are definitely ready to roll! Well done!

bill

auchencrow

^ What he says.
Though I once encountered a bike that did NOT need the hubs/BB serviced. (I did them anyway).

( While you are at it, I would lose the spoke reflector and foam grips, and install some complementary colored bar tape instead)

gerald_g 

I put the reflector on, and intend to add one to the front. I ride around after dark quite a bit and I feel they help with visibility.
(will also add lights before running at night.)

I plan on ditching the foam for sure.

RobbieTunes

If you can remove the lower foam without damaging it, I may be interested. I ride drops only, and may try the lower foam on a couple of long ride bikes. Anything to avoid gloves; they make me feel like Madonna.