Wow. Thanks for the interest and input. As it turns out after considering the options I have decided to refurbish the bike and keep it. I took it into Joe Bell in San Diego this week - great guy. He spent a couple of hours with me going over shades of paint color, modification ideas, etc.

For those interested in the details, I have decided to return it to its original pink color with recreated Ross decals.. I have also decided to update it as much as possible - widen the space between the rear dropouts to accommodate 21st century gearing, switch to brake handle shifters, etc. I know the vintage crowd is going to berate me for desecrating the temple, but I am already going to get ridiculed for being so slow while riding such a flashy colored bike, so what's a little more abuse.

I attempted to post pictures, but this site will not allow me because I do not have the minimum number of posts necessary to reach that inner circle status. Sorry. If I somehow pass the audition process, I'll post them.