Originally Posted by shimanopower
so you would consider a 50 year old bike weighing 50 pounds is race ready if the rider is "race ready" and the bike is mechanicly sound?
Don't be an idiot. Of course there are limits, but most road bikes are 25 pounds or under, and I'd consider all of them race ready- from steel to carbon and Sora to Ultegra.
I saw a guy on a Dawes Lightning (most of you would scoff at such a bike) at a race in Kentucky last year. He had some duct tape over some holes in his bar tape and was riding platform pedals. The route had a couple of tough hills (by Midwestern standards, at least), and he beat over half of the field.
The OP's bike is fine. He can kick some ass on it if he so chooses.