Hello all
Thank you for all the criticisms, they are helping make our decisions. Decided to abandon the idea of drum brakes. So far we scooped up some tektro road levers and dual pivot calipers that will fit her frame out of the box, long reach too. So far they are looking good for braking power, and cheap to boot. Managed to score a cheapo Schwinn GT290 triple derailleur for cheap, and in great shape. Drop in replacement woo hoo! We are looking for a 700c wheelset for touring or I might build her some new wheels. I think that the chrome steel rim wheels are a bad idea too.
Grolby - if the bike has new brakes and wheels, what could make it safer? The rack is well attached and she packs very light, 2 panniers and a frame bag. No matter how you cut it a new bike is going to cost me more. Have you ever ridden a loaded varsity? They handle pretty well. Aside from the narrow tubing it's a perfectly capable touring bike. I know it gets a ton of flak but asides from being a boat anchor it ain't all that bad.
Anyone selling a 700c wheelset?