I had to dig deep to retrieve this thread. I was hoping to find adequate hoods before posting, but alas. My first vintage bike ‘modernization’ project. I must say that I was surprised that no one on the C&V Forum, of all places, would defend the value of a vintage bike restored or maintained in its original condition over a modernized one.

If this bike had already been upgraded, I doubt that I would have been interested: 1) because the asking price would have been way too much; and 2) because, to me, it would have been nothing more than an old steel frame with modern components hung on it, not a vintage Trek.
I’m also disappointed in the ride of this bike. It’s a little twitchy at high speeds. Has anyone experienced a difference in the ride between 501 and 531 frames? This was to become my main ride, but I’ve decided to put the original 6spd components back on it and sell it instead.