mkeller234, first off that Raleigh is one pretty bike. The Bluemels fenders are such a perfect match.

About the Prestige RD. I've not had any problems with those, so I think you'll be OK with it and for the largest cog, I can attest that my 1967 Carlton had a 32t large cog on the rear. I only rode it once in that configuration and I can't remember how well it worked or shifted onto that size cog. I have not have good experiences with the Prestige FD as they always seem to break. Two of three Prestige FDs have broke on me. That's not a good sign.