Resurrected for an update that may interest folks. For the past year or so I've run the Competition with a fixed wheelset to help decide whether to keep it or not. Getting some seat time in I discovered what wonderful riding frames these '70s Raleighs are and now it's a keeper! However, it is in need of a refreshing.

I recently picked up an '88 Schwinn Voyageur for a touring build with 700c conversion that I'll post in a future thread, so that left me with a surplus Super Champion Mod 58 27" wheelset to play with. I decided that for the time being, it would be perfect for the Competition. A little added weight aside, I like the French parts continuity, as the SC 58 wheelset is built with Maillard hubs so that'll go with my Huret mechs. The wheels cleaned up nicely and I dug out the old grease and balls from the hubs and repacked with fresh bearings and grease. As an aside, I had to re-stock my bearing supply and it was surprisingly difficult to source grade 25 bearings.

I decided I wanted this bike for rides at speed carrying only the necessities. We have some excellent hills north of the city, so I want this bike to have the gearing to climb them. I found a TA Vis 5 / Cyclotouriste triple, 50x40x30, and sourced courtesy of pastorbobnlnh 's Freewheel Spa a number of very nice condition parts, including a freewheel to hang on the frame. Practically unused, and newly serviced Atom 77 Compact 6-speed freewheel with NOS sprockets, 14t-30t; Huret Duopar Eco RD, Huret Success FD, and a nice pair of Suntour bar end shifters, which being a long and lanky creature I prefer over downtube shifters.

Big question: The Competition doesn't have brazed-on downtube shifter mounts, only a stopper on the frame for bolt-ons, so I'm not quite sure what part to source for the shift cable adjusters / housing stops so that I can run the bar ends. Any suggestions?

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The freewheel looks great and turns with an energetic tick of the pawls. Looking forward to having it out on the road in the spring. Thanks, pastorbobnlnh !
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The frame needs some care and attention after 50 years of neglect. I've been treating the rust spots with either naval jelly or evaporust. Rustoleum Automotive Gloss Black is a straight match, according to folks around here, so the top tube will be getting some paint. I'm using some Turtle Wax polish to bring out the shine on the good paint sections, Simichrome on the socks and chainstays, and I have some fresh 531 and Competition decals on order from Lloyds in the UK.
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I picked up some new Pasela PTs today to replace the original Schwinn 27 x 1 1/4 tires the Modele 58 wheelset was wearing.
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Next up I have more frame and parts cleaning to finish up, still need to remove the cartridge bottom bracket I used for its time as a fixed wheel bike, and then it'll be ready to hang the crank and mechs and run the shift cables. I have a seatpost on standby and the original Brooks B17. Not sure on the bar tape, I don't fancy black or the red anymore, not sure what to match with my brown saddle. I'm not sure brown tape will look as good as it does on my green bikes with brown saddles.

PS the bike in the background is a 1959 Raleigh Canadian, a Sports in all but name and livery. It needs a lot of frame help, but I have some cool period parts waiting for it.