Yes. That bike had all sorts of interesting ways of doing things. Keep in mind that the philosophy behind the Lambert was that you'd get the equivalent of a $450.00 531/Nuevo Record equipped bike for $150.00. So they were cutting all sorts of corners, starting with build quality (although from what I can see the original frames were excellent). Fuji tried the same thing with the Finest which sold for $275.00 - and succeeded beautifully. Obviously, you can only cheap out so much before performance starts to suffer.

I've got a Lambert, same vintage but blue, but I got it with everything but Lambert components on it (Tange fork, Sugino crank, SunTour V/Compe-V derailleurs and rachet levers, DiaCompe brakes and levers, SR stem with alloy bars, Normandy hubs with Mavic sewup rims). As I got it, it's an incredibly wonderful ride. I'm in the process of replacing all the parts with the proper Lambert stuff (have already installed bars and stem, brakes and levers, quick release skewers, shift levers; front derailleur and crankset to go). I'm noticing that the Lambert parts are definitely inferior in performance to what's already on the bike - to the point that I'm seriously considering backtracking and putting the 'original' parts back on.