Wow! Whats not to like? Clean it and ride it. I have a Frejus thats similar in componentry and build quality, love it.
Your Torpado is the perfect bike for a retro-build with older parts. Find some really nice cottered cranks, old Campy Record or Gran Sport derailleur, an old pair of sew-ups.
But even as is it has a lot of class.
Nice score.