I've done a fair bit of research on this forum on the economics of rebuilding a vintage road bike. Even though I've seen a number of recommendations that it may not make sense to rebuild a 40+ year old bike, I've decided to move forward anyway. I bought this bike when I was 14, used it in a number of sprint triathlons in Missouri when I was in my 30s and I love doing "projects". So I need some advice..
I plan to upgrade from the original 5-speed gear hub to a 7-speed, paint it to a more likeable color (currently the original Esquire brown), new wheels, etc.
Any thoughts on an appropriate new wheel set would be greatly appreciated. I do plan on retaining the original 27 1/4 inch wheels. Also any thoughts on whether the existing Suntour front and rear derailleurs should be replaced would also be helpful.