I have a Raleigh Twenty that I barely do anything with. It seems to me that this would be a really good hauler, once I upgrade it.
First, there's the headset. What are the possibilities?
Then there are the brakes. I've heard that Tektro makes some decent long-reach dual pivot brakes. But are they really good? I just discovered this adapter, which would allow me to install V brakes or cantilevers. Looks like a great idea, and I wouldn't have to ruin the paint job and braze on mounts, but it would cost $80 a pair, and that's before buying the brakes.