Tis half the route I took, the old drivetrain and wheelset is going back on for now. Found a Miyata 610 that I wound up taking home for $85. Was originally going to powder coat it until I ran low on time with the expected turnaround, so if I end up really like it it'll go over next winter. $85 into the entire bike, $80 into panniers and racks, $40 into new brake levers (wanted the second set for upright riding), $30 into consumables, $35 into new tubes and tires, and a lot of elbow grease, and I should have something decent for my couple trips this summer. Even if I decide to have it coated later, I'll have less into it than a new hybrid.