I recently built up this "three speed" -- it's actually a five speed, with the new wide range hub with drum brake.
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Being 6' tall, and preferring short crank arms, I wanted a (too) big frame that I could put (too) small wheels on. So this is a 62 cm Lambert frame with 26" (MTB size) wheels. The small wheels necessitated drum brakes. It rides very nicely! I haven't weighed it.
Working my way through this thread, commenting as I go. This is a very nice bike, 5 speed and all.
