William,

The suntour stuff is good (depending on model, did he
mention which group?), and the panansonics have a
decent reputation.
One thing tho, that is NOT a track bike, has the wrong dropouts
has drilling for brakes etc. Did he mean was a single speed
when he got it?
for $75. its not a bad deal.
You can get 700c tubulars all over the place, however I
haven't seen any 27 inch tubulars in a long time.
this guy is kind of confused.

Marty