Hey guys, I may be one of the resident neophytes but I know I want my bike to be a great one. I do my best to use all the brains I've been blessed with along with all the brains I can borrow, so I'm hoping some of the more advanced players around here can help me out.

I have an '81 Fuji touring bike running on 27" wheels. I'd love to do fenders, but I think a 700c reversion would be too expensive at the moment, so I'm thinking a front rack and bag, dyamo, headlight, etc. might be the extent of the build. I'd love some suggestions on components, good quality bags to use, etc.

Basically, where would you guys start and what would be your top priorities?