It will keep its patina. I like it. I think it will be pretty close to original if I build it with parts I removed from a PA10. I'll upgrade the wheels to Normandy Luxe Competition and Mavic tubular rims and the rear derailer to an SX610. I've got some Simplex Retrofrictions for it, too.
Twenty four pounds is hard to believe if it had a steel cottered crank, even with tubulars and in the smallest frame size. It's about right with a cotterless crank. That's what my upgraded PA10 weighs and the frame and compoments are similar.