I'll second the endorsement of the older machine's durability and repairability, as well as it ability to limp home with a broken spoke. For the average utility, recreational, or even club rider, a well-made high-end classic bike still makes a lot of sense. As for number of gear ratios, since I don't need or carry any really tall or low gears, I can easily get the tight ratio spacing I crave over my low-40s to mid-90s range with a 2x7 1.5-step or a 3x8 half-step-plus-granny setup.