Success with the A-D. Started a normal ride rotation on it and it runs and tracks like it should.
Replaced the ugly modern stem with a Cinelli. Put on fenders and took them off and ditched the idea of a rack - it's just too much fun to ride without trim.

Had a massive misadventure on the first shakedown run a couple of weeks ago. Got ~10 miles away from home and overshift on the front and put the rear derailleur into the wheel. Single speeded it home and replaced derailleur and straightened wheel and hanger.

For anybody else that has Gipiemme droupouts - I discovered that the derailleur hanger is HALF the thickness of the forged dropout and easy to bend. When I reassembled mine after straightening, I backed the dropout with a vary large, thin derailleur nut off a old SunTour and tightened it all up together. The flat of the nut fit nicely in the place where the dropout narrows for the hanger.

Should have put the bike in the sun to show off the metallic maroon paint. Next is a decal set.