UPDATE
I took the bike to the local shop today (quick plug - Micycle in Finsbury Park, North London). They are pretty sympathetic and have a bit of a liking for old bikes. I have two weeks to go until exams so am going to let them do a service on the bike as they are going to be building a wheel.
They weren't keen on loading the
rear wheel, as I thought. They quoted me about £140 to build a 700c wheel witha 5-speed freehub body. They wanted to build a front too for a matching set, but I have that spare front wheel and insisted on using it to save money. I'm pleased with this all as it means keeping the current gears. I thought they might suggest changing to modern gears, but they were very complimentary of it all, and so are building the wheel to suit.
.
Rear Rack - currently attached via p-clips to the seatstays - they didn't recommend loading it in that state and recommended replacing the rack with an axiom that mounts behind the brake caliper and somehow takes up to 50kg. I don't know what other people's experiences have been with the p-clips when heavily loaded (tents etc).
viewtopic.php?f=5&t=58975They are skeptical whether the current centre-pull
Weinmann's will reach the 700c wheels - I implored them to try and they will - I remembered a few people on here suggesting that they'd managed to get them to work.
The
tyre issue is now moot - I can stick a standard Schwalbe Marathon on the rear and have a spare for the front.
So it will cost around £190 for the bike serviced and a new rear wheel. They urged me to learn how to strip the bearings and put it back together for next time. Frankly some of the components are pretty rusty so I'd rather someone else took on that job for the first time in at least 10-20 years. So around £350-450 +/- rack/calipers to get the bike ready for loaded touring, including the original £150 cost. Which given the cost of a good quality touring bike these days seems like a good deal, but with the added charm of the original components. I am aware that they make cheap alloy touring bikes for a little more than this - for example:
http://www.evanscycles.com/products/daw ... e-ec114614 - but where's the fun in that?