sugino and suntour drivetrain (BB?), but campy headset, brakes, shifters and prolly seatpost (could be a good knockoff, like a saavedra...) bar/stem & wheels, who knows...
but at 2 Cs, how wrong can you go? I'm looking at posts of guys knockin themselves out on UO8s here, this has gotta be at least worth that effort? yes/no?

hardest part would be gettin the right paint and decals iff'n itz gonna go 'authentic'