I've got this way too tall for me Trek 400 and I'm in one of those direction/decision modes again. Do I keep it complete and make some tall person happy (or whom might just strip it his/herself and fixie it), or do I strip it down to bare frame and use the components to upgrade something I already have that does fit me. Consider this a rhetorical question if you want, or wax philosophically if that is your mood.
Seat tube is about 25" long, or about 65cm ctt. Top tube is about 59cm ctc. Standover clearance is about 35" on flat tires, or closer to 36" with inflated tires. I'm close to 6' tall but my standover clearance fits me better on a 55-56cm frame (long torso).
Suntour Edge 4050 Accushift derailleurs.
Dia-Compe BRS Edge brakes.
OvalTech large chainring (like a BioPace).
Matrix 700c rims with Presta valve stem hole laced to Maillard 500 "Sealed Mechanism" hubs.
This is pretty much in a dust it off, oil it up, put on fresh tires/tubes, and go for a ride condition.
Here's some pics.
Hmmm, pics too huge, I'll have to edit down the rest before uploading them in another day or two.