sorry to resurrect an old thread but just had to chime in, since there's a spalding in my area CL for $75. If you're still in love with it, you can probably get a used Sugino SuperMaxy which was the first totally affordable mass market alloy crank on the market (late 70s?) to replace the steel cotterless it's got now. huge weight saving and upgrade in shifting and pedaling feel and performance, especially with alloy chainrings. the most important thing to keep in mind is that even with the most elegant vintage hi-ten frame, lugs and all, it still won't ever be a sub 25lbs class cromolly wonder, so be careful to not over invest. that said, the late 80s was the golden era of cheap high performance steel and components, so the temptation is understandable. I rode the same mid 70s Puch hi-ten with early 80s components for almost 25 years, oblivious to the extra weight. (heck, just the lock I use in Brooklyn weighs 6lbs so it's kinda moot...)