Thanks folks! It generally came out better than expected. It was -20 wind chill today so no ride, and it looks like more of the same... it will be a while before the maiden voyage. And no worries, those are new pads!

As long as so many Puch Sears bikes have been shown here perhaps a mod could change my poor title to something less specific about my bike and more generally Sears/Styr-Puch so others might find it better in the future.
@crank_addict Thanks so much for the pedals! And that hydraulic is crazy! Did you start a thread on it anywhere, and is it really hydraulic? If so are the brakes more effective?