jump to 7:15 or so.. cup and spindle, in a decent lugged CroMo frame... for reference.
there is a small chance that the cups and spindle are ok.. a close inspection of the bearing contact surfaces will tell you if you need a new BB assy or not
and i too recommend the UN300 BB assy... i just ordered two for the shop.. one for a repair job, and one for stock.
caged bearings cost between 3 and seven dollars, shipped, eack... i just paid 16.84, each, shipped, for two 73 wide x 118mm long UN300s.(fits a fairly Modern triple in an MTB, in my case.. yours will be a 68mm x (
TBD) size.)
they require a different tool for install/removal, compared to the cup/spindle setup your world sport originally came with .