Thanks for your input.
Just checked out the wheelset... think they're early shimano 600 uniglide laced to mavic ma2. stoked to find a decent wheelset. Hubs desperately need repacking, so hopefully the races are in ok shape. Need to be trued to.
The bikes to big for me, so I will have to decide whether to rebuild and flip it, or borrow the parts and try to sell the frame for cheap. The frame is rougher than it looks in though photos.. lots of surface rust.. but it seems to be good structurally.