I'm debating whether to rebuild the frame I have today or go with a completely new bike and would love some opinions. The bike would be used for light to medium weight touring and medium speed randonneuring.
What I'm riding today (original owner):
Stock 1993 Cannondale T700
Shimano RX100 cranks, 30/42/52 chainrings
Shimano Hyperglide 13-30 7-spd
Deore LX Derailleurs, bottom bracket, bar end shifters, hubs
Dia-Compe cantis and levers
Ritchey Vantage Cross Rims with 35c Vittoria Randonneur Pro tires
Frame is in good shape, a few nicks and scratches but no dents or visible corrosion (but who knows what's really going on inside the tubes)
I have done a full cleaning and regreasing of components each year (including repacking the bearings) but they are really past the end of their useful life. If I were to rebuild the bike it would be a complete strip down, upgrading all components. Probably Ultegra components with a Schmidt dyno front hub and Velocity Dyad rims, drop the tire size to 32c at the most so I have clearance to mount fenders. A higher stem so I can raise the handlebars a little more (they're almost 4" below the seat now which is a little more drop than I'd like as I get older).
There's some nostalgia here as well, the bike has been on numerous tours internationally and domestically so I have a real attachment. With my desire to do more long distance riding and a little less solo touring (our girls are getting old enough to tour with us on tandems) I'm looking at potential alternatives.
The alternative, of course, is to go for a new frame, possibly a custom from Independent Fabricators or elsewhere, that would sit between the geometry of a touring bike and traditional road bike. The C'dale tracks really well but can be tough to lean into a quick turn over 40mph. Dropping the weight might be nice also, with rear rack and pedals I'm pushing 28 lbs. There is also some attraction to moving away from canti brakes to either long reach calipers or discs depending on whether I want to run greater than 28c tires.
I personally don't find the Al frame to be particularly harsh, even on long rides, so going to steel won't necessarily make a big difference to me. Money IS an issue. I don't mind spending where it makes sense but if I can get the C'dale to be lively enough for my taste (subjective, I know) then it might be nice to do the rebuild. So, any thoughts?