Yeah the fender's looked pretty decent in the florescent lights of Sid's Workshop but I don't think I'll ride it there much ... ick.

The headlight is an Ixon, not vintage. Got it together last night about sunset.
The Bell is only 25 years old - I bought it on closeout, I believe in 1983.

Am using the massive "S" lever to friction shift the AW. Took it for a 15-16 mile ride today. There is something very satisfying about reaching out, grabbing a fistful of lever, and sliding it into overdrive. The bike works quite well, and seems much quicker than I'd have expected, but the Paselas are a little better tire than my normal commuter treads. I have it geared fairly high on purpose: 52-72-92, as it occurred to me that it might be fun to troll with in the Spring (I've been riding more miles in the winter months than the summer months and am in better shape in March than September).

Speaking of which, QBP was closing out Spectro P5 w/ drum brake hubs last week, so I ordered one. The intended destination is a derelict 1975 (Panasonic built?) Traveler.