Update time.....
I have been out a few times on the new Paramount. First trip out, I used the original Regina chain and freewheel. That chain was so wide I had to trim the front derailleur every time I shifted the rear. I'm not used to riding a triple but that was no fun. I changed to a SRAM 8 speed chain which did wonders for the trim problem, but was too narrow for the Regina, as it would slip between shifts on the larger cogs. I switched the Regina out for a SunTour freewheel and it now rides and shifts like a dream.
This morning I rode it to the top of Mt. Soledad. I have tried that with a double and had to stop and rest. With the triple I rode straight up. The Kool Stops gave me confidence to go downhill, too. I would prefer Campy, but I think the reach necessary would be too long. At least the Kool Stops allow me to stop.
I was worried that the 25" frame would be too large, but it is VERY comfortable. If I were taking a long ride, this would be the bike.
All I have to do now is get the original wheels back in shape.