I had some free time yesterday so I spent it working on the bike. After looking at both of the bikes and picking the better of the two here is what I did. The parts bike had a halfway decent front wheel so I cleaned it up and trued it up the best I could. Then from there I pulled off the five speed freewheel from the project bike and used some spokes from the back wheel of the parts bike to replace the spokes that were missing on the project bike’s rear wheel and then trued it up. Then I cleaned and repacked all the bearings then put on a BMX 16t freewheel. The paint is shot on the project bike but I don’t care its just going to be used as a beater bike.
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Go with what you know.