Without STI hyperglide's advantages are minimal. In fact, I'd argue non-existent since they require more maintenance.Your argument fails because the Trek is still an older bike without a clear component advantage. We're not comparing single pivot to dual, we're not comparing steel rims to alloy. The differences between these bikes are, besides actual street value (where the Trek loses), the frames and the type of ride the OP is looking for. If he wants a faster, stiffer frame with a sportier feel...and that will transmit road sensation through his bones...the Trek is his choice. If he's looking for a bike to enjoy riding, capable of taking on paths, able to carry books and supplies...it's the Univega.

As for the art of friction shifting, I think this "art" is seriously over stated. It takes a few weeks, maximum, to get proficient with them. It's not a big deal. It took me a couple of days, and I'm an uncoordinated oaf. The difficulty of using friction shifters is seriously exaggerated.