Some updates:
Picked the bike up today, got it tuned up a little, and rode it from Trackstar to the Slope. It was complete with all the parts. Before riding it, some observations and changes:

I had a brand new Limar helmet I'd picked up a couple years ago for rollerblading sitting near the bike.

Ended up the wheelset was in great condition and still true all these years later. The oem wheels are Araya Red tubular rims with Suntour Sport high flange track hubs. I just have to replace the tires, while the 16 year old sew-ups Fast Tacked to the rims got me home, they are a tad old to be trust worthy.

Had the chain replaced and I'll soak the oem chain some weekend and keep it as a back up.

Had the brake lever swapped out, as the brake hood had rotted. Had the brake cable and housing replaced too.

Swapped out the track pedals for some MTB pedals with plastic toe clips and leather straps. May ebay the track pedals (NJS).

Swapped out the Panasonic OEM Italian saddle for my old Turbo saddle. Installed a bottle cage behind the saddle, Ironman style, as there are no bottle cage braze-ons on the frame.

Phil Wood grease is the sh*t. Before leaving the bike for 16 years, I'd repacked all the moving parts with Phil Wood grease or oil. 16 years later, it runs fine with just a brake cable replaced. I'll repack things when I have a chance, but there is no rush.

And observations after riding it a few miles:

Post 9/11 injury, my back isn't what it was when I was 21. Drops and bull horns are going to beat my back up too much for NYC riding. I'm switching to risers.

The Turbo seat foam is pretty shot. I'll need a new saddle. Thinking a Brooks B-17 narrow will pair nicely with risers and be a bit more spine friendly.

The 16x42 gearing I have the bike set up with is a little steep for city spinning. I may get a larger cog. Thinking a 19 or 20 tooth would be perfect.

Cyclecross knobbies might be overkill for NYC. I'll consider switching to training tires or cyclecross pyramid/diamond tread. Most likely the latter. Probably Tufos with tape and flat goo. And yeah, tubulars just completely rule.