Hello all, I have a few questions here regarding a Trek 660 frame I have had laying around for a couple months. I believe it to be from the model year of 1988 because of the serial number 332546.

The first question I have is will it be able to accept modern 8 speed cassettes and STI shifters, or do I have to cold set the the frame?

My other question is whether to get it painted or powder coated. The paint is not in terrible shape, but it could be way better. There are also a couple dings here and there and possibly some minor rust. I live in Orange County, CA and am looking to get the frame done by a professional. It would be nice to have someone local do it, but if it can't be done then I will have to go out of state possibly. So if anyone has any suggestions they would be greatly appreciated.

Here is a picture that I took, sorry for the cell phone quality. I will take some more with a better camera when I get a chance.