Some of you have been following the story of the problems I have been having on this project. I really appreciate all the help, advice and encouragement. If you missed it, look here.
The saga is over. My 1969 Raleigh Sports is now a single speed/fixie. The last problem arose with the Dia Compe long reach brake calipers I picked up. Since they were actually BMX brakes, the cable for the front brake was supposed to be fed through the steerer tube and come in from the bottom. Luckily, the good people at University Cyclery provided the fix. Unfortunately it involved more grinding, but only a rivet on the caliper. The final touch was the MKS Sylvan Touring pedals. They probably saved another pound. It is amazing how heavy those slick old rubber pedals are.
The goal was accomplished. My 20 year old loves it. She is going to have to arm wrestle me for it, however. I think I can take her.