Thanks guys & girls for the input and advice. It gives me some things to think about for sure. Coloso mentioned I should just update the engine instead. He may be right. LOL
This bike is a 54cm and if I would sell it I may ask somewhere in the range of $1,000, but the more I think about it I'm thinking I should be patient and work on my skills & endurance before any splurge on a bike that I know I don't need but kinda want.