right now I'm riding a HARO V1 with stock setup, and im currently building on a PEUGEOT Select frame I found in the dump at a construction site behind my apartment.
converting it (the PEUGEOT) to a 3 or 5 speed internal or external. I am still debating on what I want. The internal setup will allow for a coaster brake with a front shimano 105 or ultegra calipre with a huge 53 single dura ace crank and a single shifter. This makes for more of a heavier (because of the rear hub) and less affordable fixer. But mind you its a nice setup without all the fixings. The other setup is a dura ace 9 speed modified to either a 3 or 5 speed setup with a short cage deraileur for more tension and quicker shifting because of less gears, a 53 dura ace single crank and 105 or ultegra shifters / dual pivot calipers.
Haven't decided. the one with more pieces is ironically lighter.
The 2 setups are the way I want to go, but I haven't decided on which one I wanna go with. needless to say, I am picking up the dura ace crank for sure (cause it isn't exp on ebay, cause its the 2006 model but who cares???) and going with either 105 or ultegra shifters / brakes. but im not sure if I wanna go with bar ends or down tubes, cause this PEUGEOT has down tubes already, but i'm not a huge fan.
What gets me is that the wheels will be the heaviest thing and cost just about the same amount that ill put into the rest of the bike, not including time...
if you guys have a better setup to try please advise. cause with the internal gear hub i ws gonna go all SRAM components and that could be very very $$$