Took the bike out for a leisurely 20 km today and the hub started to skip on me... stopped by the shop, checked everything, and pulled the indicator spindle to see that it was on the verge of breaking so replaced that and then all was good and smooth after that. It was also the wrong size so now the bike has a new spindle in the right length.
Checked the serial number against cuda's database and it has an unusual three digit xxxBD code which would make it a 1951 by that convention although it is a digit or two short so maybe it was built on a Friday and someone forgot to add a number.
Also met a fellow PM at the shop and another local Raleigh fiend who had been interested in buying this bike, albeit, because he really wanted the B66 saddle... which is pretty plush... and the ride quality is fabulous.