Now that I have these two old bikes to bring back into shape, and given that I am on a learning curve about how to do that, I am considering two plans. At the end of the day, I will most likely sell or donate one of the bikes and keep the other. At this point, I'm leaning towards keeping the Peugeot, and giving up the Fuji. So, in no particular order, two plans are emerging. Your advice?
Work on the Fuji to get a feel for what I'm doing. No upgrading, just sort of tear it down, clean it, lube it, and replace things like the chain and cables if they need to be changed. Take all the major components off the bike to thoroughly clean them and to learn how to remove / reattach them. I have no idea in what order this should be done. Brakes first? Derailleurs first? At any rate...once I have an idea of what I'm doing, turn my attention to the Peugeot.
Set the Fuji aside, and concentrate on the keeper bike. Same process as above, but possibly upgrade components. Why practice on the Fuji when I really want to keep the Peugeot, and how hard can it be, anyway? Given the Peugeot saw very limited service, I'm fairly confident the important things (like the bottom bracket) are going to be quite serviceable. Probably only needs thorough cleaning and lubing and cable adjustments. Then, armed with the knowledge and new skills, bring the Fuji up to speed and find someone who really needs a bike but can't afford it.
I'm looking into the available books, but I wish there was one that wasn't just repair, but also outlined a step by step book on "bringing a bike back to life." I don't know if there's a better order of things to do (what's first? what's next?).
Usual caveat -- I realize this is all so elementary to many of you. I'll just post questions until you bonk me on the head.