Joined: Apr 2007
Posts: 12,567
Likes: 2,740
From: Thunder Bay, Ontario, Canada - burrrrr!
Bikes: 1958 Rabeneick 120D, 1968 Legnano Gran Premio, 196? Torpado Professional, 2000 Marinoni Piuma
Those small wheel bikes do not fetch much these days. With that in mind, were I you, I would make the bike road worthy and safe to ride, without spending one unnecessary penny on it. After riding it for a while, I would then, and only then, make the restoration decision. But that is just me.
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"98% of the bikes I buy are projects".