Appreciate the info and conversation guys. I'll post final pics in the Technium thread when finished. Other than the brakes, I am definitely going to keep this one stock.
I am still amazed at the Araya wheelset. Turns out they aren't really as common as I thought they'd be on ebay. I think the 32H makes a huge difference in the look IMO. Don't know how much the DT Swiss spokes make a difference (weight) but really happy with the overall weight and look. If anyone has additional info on them (red or black etc etc) I'd love to hear more.
Glad to be lucky enough to find this bike and hope to give an update once it is up and running.