Progress!!!!
Well last week I picked up my wheel. Fixed flip flop, but the fixed sprokette was for a different chain, and my LBS guy said it was better to wait for a better gear at this point.
My former all original 72' Nishiki Kokusia has been stripped completely of all parts. I used some Jasco paint stripper and removed all paint. That stuff took the paint off, but I don't recommend using it: it's more toxic than the chicken adobo on my first ship!!! I cut off all the cable runs and filed them down and have been painting the frame. Pictures soon!