Seems like this bike is going to be a rider, if anything. The lugwork is quite good but I'm not that inclined to throw tons of cash at the bike the way I would for, say, a PY-10.

Derailleurs will be Suntour friction types, with suitable decrepit patina. Other parts will end up MIJ, due to low dollar investment and to the higher quality relative to European equivalents (Huret and Simplex). Not sure whether to use the Suntour ratcheting stem shifters I already have or to get something more interesting (ex. Simplex down-tube mounted shifters).

Wife's old Vista had some 27" wheels with Suzue high-flange hubs that will work. The rims are going to be swapped for Sun aluminum, though. I may do something unusual with the rear wheel spokes during the re-build.

The bike itself should have pretty slack geometry, making it good for around-town duty. I might just leave the dents and other patina as they are.