Hahaha! That reminds me of when I rode my wife's gearie to work one day and thought, "wow, I can really lean this biotch over!." I did, but I skidded the back on the plastic they lay down for crosswalks. Good times, I couldn't believe how slowly and smoothly I was going down with the ship!

To the OP: I have a gaspipe Schwinn that I converted. I put some 165mm cranks on it. Chainline's not perfect, but it's okay. cornering is no problem, it's very stable because of the geometry. It used to be a 27"er, but now I'm running 700C. It not bad. It's my on-call-bad-weather fixie.