Is it officially supposed to be a randonneur? It was basically Raleigh's low-end bike-boom ride. I owned one for a short time and that mofo was HEAVY. No, really heavy.
Raleigh was the company that pioneered the All Steel Bicycle and the Record carried that legacy forward with distinction.
The cottered cranks may be a pain, too. If you can avoid servicing the bottom bracket, that seems best.
edit: any idea what year that is? Mine had a lugged fork crown, not the thimble fork.