Thanks everyone for the interest in the Lygie. I have some more pics
below for your examination.
I have beem deconstructing the bike since my previous post. It has been fighting me but so far I am winning. Both the seat post and stem were stuck solid . luckily for me they were both steel and liberal dousing with Kroil , some appropriate cursing,. threats with a sawsall and hammer, and finally a blood offering to the bike gods saw them both gradually rise from the dark recesses of the frame into the light of eternal bliss.
Unfortunately the handle bars are no longer with us. Every attempt to seperate them from the track stem proved futile. Even after sawing off one sideof the bars I had a tough time removing the remaining piece. They don't appear to have been anything special though, no markings st all on them, so no great loss. The track stem will be put up on E Bay by the bike Exchange . I have a variety of old stems. we'll see what fits.
The seat post is indeed 20.8 mm and is in good shape. Some variety of brooks ish saddle will replace the Specialized perch currently installed. I have cleaned up one 27" Weinman wheel so far. the Campi hub polished up nicely and the internals were like new. I dropped one of the bearings while putting it back together and discovered that they were 6/32".A few minutes pushing my floor magnet around finaly uncovered the wayward item and I was able to button everything up. The spokes were rusty so I used 0000steel wool followed by linseed oil to clean them up.
The Crank appears to be a Simplex with Lygie branding and 50-47 tooth steel chain rings . I will have to wait till Wednesday to go into the Bike Exchange and use their cotter press to remove them.
The freewheel is a Maeda 14-28 tooth. I tried to remove the locknut from the rear axle so I could remove it but the nuts on both sides were frozen. I put some kroil on them and let them sit overnight. Hopefully when I try again they will give up and let me have my way with them.
I am not sure about how to finish the bike. Lots of folks will advocate for keeping it in original paint. I tend to want to make it look like new if possible. I am likely to keep the 27" wheels as I am thinking they are original.I have lots of 700c wheels but none with age appropriate Campi hubs. If I can ever get the rear axle off I will probably change the freewheel. possibly to a more close ratio mech like 14-24. I 'm sure we have some italian freewheels in the shop. Then again, a 5 speed Shimano hyperglide would be a worthy improvement as far as ridability is concerned.
the brake levers had Diacomp hoods on them which I removed. Any chance they are universal levers?
So here are the pics. Feel free to comment or ask for more detail.