Hello.
I recently purchased what I believe is a 1984 Peugeot PH 10L off of CL for $75. Discounting whether or not that was a good deal, I am deliberating whether to go through with full fixie conversion or restore to 80's 12 speed glory.
This bike did not come with wheels. Here is a catalog photo Note, mine is White, not brown.

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I bought everything but the wheels. which did not exist. Do I build up 12speed wheelset and keep components as is (simplex) or strip down and build a fixie wheelset. I believe this takes 27" wheels although I was able to jam in a 700c in front. Also unsure about the threading. Could this be an issue when buying new cranks, etc.?
Would appreciate any advice.
Thanks!