Originally Posted by
skinnyland
Sure, convert it. 700c wheels with alloy rims will be lighter than your 27" wheels (probably steel rims). New cranks will most likely be lighter also.
"New" 700c wheelset (you can pick up a used set on craigslist for pretty cheap, and then you can swap these to another frame later if you like) + new cranks (go to your bike shop and get some used road doubles and a bottom bracket if you need one) = finished conversion.
yeah, if you ask me this is a perfect candidate for conversion. Not too nice but not a total pos. most parts should be standard size so if you decide to upgrade most of the parts you had to purchase will be reusable.