It was your Dad's bike. Clean it up, taking care not to spend too much money on any upgrades. Ride it and enjoy it for what it is. Then, if you find yourself addicted to riding, get a newer-nicer bike. I'd love to have a few things that were my father's. In fact, I'd even love to have his old pipes. Think they were tossed long ago.

And, this place has at least a few bike snobs. Pay them little mind until you become one of them.