I'm still working on
my UO-8 build.
700c wheels will work with those brakes because I already put them on and the reach is just fine. I'm still waiting for my parts to be plated from my brother (free takes awhile). I junked the cottered cranks and put on an Ultegra octalink set I had, I just modified my BB to accept a right handed cup on the left side and no problem.