Originally Posted by DIMcyclist

.. less expensive alternatives or equivalents to Rivendell bike...
Just as an example, the Japanese commuter I'm restoring will cost- in its totality, with extensive frame modifications, custom paint, and even a very nice bit of kit (including a Synergy/105 650b wheelset)- all of about a grand.

... Maybe $1100. (I have yet to pick up the cables & housing... )

That's pretty reasonable for a complete bike and still less than just a Hillborne frameset with similar features.