It's pretty beefy, but if that doesn't bother you, the stuff you'll be fitting on will be fairly routine. You'll want a fixed rear wheel (27" would be a proper match for the front or you could go with a front/rear 700c and ditch the steel rimmed front in the process--nice if you intend to keep a brake up there). Apart from that, you should be all set. The Record does come with Weinmann center-pull brakes which some people swear by.

If you want to swap out pedals, that should be straight forward too. I think anything else will put you in Raleigh-land, but if you buy new 700c wheels, those can always move to any frame you might upgrade to. Do it, if you hate it you can upgrade.