I had some time this weekend to commence with the rehab. In progress:
27” wheels, Conti tires I’ve had around forever, Sturmey Archer 3-speed rear hubs with coaster brake, MAFAC front brake, Pivo stem sanded down to fit 22.0 steerer. Still sorting out what I’ll do for a crankset. Perhaps use the original with the outer ring as a bashguard if I can find an alloy 116bcd ring. Or maybe a Stronglight mod 93 w/ one ring as a bashguard. Gel saddle doesn’t look the part, but it’s what I have.
The paint overall is in pretty bad shape with the head tube perhaps the worst of it. I might try for a light touch up to blend in with the rest of the distressed look, perhaps with a brush. I do have a replacement headbadge decal on order.