Thanks for all the input guys its really appreciated. I changed the seat and corrected the seatpost this morning. I am going to tear it all the way down and do a rebuild on it. including new and properly sized cable housings .

I have some Ultegra TriColor that will go on it. and a quill stem. the wheels are mismatched with a wider 700c wheel in the back and a std size 700c in the front so wheels will get changed out also.

Just contemplating going either 600 Tricolor 8 speed down tube shifters or 8 speed Dura Ace Brifters..