Joined: Nov 2006
Posts: 19,810
Likes: 597
From: NJ, NYC, LI
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
Cradduck,
On the one hand, a lot of people prefer a touring frame to be a little bigger than a racing frame, so the 60 cm may be just about right if you're looking for a touring frame.
On the other hand, the early 80's 520 isn't really a serious touring frame; rather sport touring geometry. Depending on what your touring plans are, this may or may not be what you want.
Either way, I'd say build it up and try to perfect the fit for your own use; and try some short tours carrying a full load. You can always sell it, but for now I'd say you got your touring bike.