Kurt,
Save your money!!!!!!
Don't be lured into the trap of buying that butchered, hacked, and not Superior Schwinn!

Just because its pedigree has been mangled, confused, and spuriously thrust upon an unsuspecting public as a
"commemorative/special edition/anniversary or other short-run model" 

Paramount, does not mean you should come galloping up on your white horse,

all Lone Rangerish, to save the day by
"...build(ing) that frame up, as-is with Campagnolo Veloce and a pair of Euros 20 wheels...."
In the end it will ride basically the same as your other two Paramounts. Time for something Schwinnishly different in your fleet.
Take the fillet brazed plunge!
http://cgi.ebay.com/Schwinn-Super-Sp...efaultDomain_0
At $75 for the frame with forged dropouts, not bad. Shipping is too high. Maybe BigWoo would do a local pickup and ship it at cost. Knock out the kickstand, add your own fork, and whatever bits you want to lovingly attach. I'll send you a BB adapter, seatpost collar, and whatever other Super Sport bits I have hanging out around here, in order to get you started. As we say;
"Make it your own!"