Very nice bike.

I suspect some parts, perhaps the wheelset or freewheel, are not original. I'd have thought that a 5 speed freewheel would have been outdated by 1986?

And is that freewheel an Atom? That seems odd paired with the Lightaction RD (I've got a Lightaction on my wife's 85 Traveler. Its paired with a smooth-shifting Shimano freewheel. The Huret shifters also seem out of place, as the Lightaction derailers I've seen were paired with a very nice shimano DT index shifter.