I'm looking for a wheelset to replace what I've got on my raleigh...I want to replace the 27" wheels with 700c...the brakes reach. The rear spacing is 120mm.


Whats my best bet to replace with if I want to keep the 5 speed cassette that i've got on the rear?


I've thought of a few options, i'm sure there's good ones i've missed though.

a. Reuse my existing hub (its in good shape) and lace up new rims. (I'd have to learn how to build a wheel)
b. Buy an inexpensive pre-built wheelset that can accept a 5 speed thread on cassette and re-space the rear to 120mm
c. Can I thread my 5 speed cassette on a 120mm Single Speed Track hub? Those are available everywhere on the cheap.
d. cold set the frame to take modern hub sizes (seems like a last resort)


Keep in mind I don't own any wheelbuilding equipment like a truing stand or dish gauge and I've never so much as replaced my own spoke but I do want to learn and i'm more willing to spend money on wheelbuilding equipment than on labor costs at my LBS to have it done for me.

any help would be much appreciated.