AFAIK the Centurion Elite was second only to the top of the line Ironman. These are outstanding bicycles with exceptionally well made frame sets. My advice on your particular bike would be to focus on the wheels & tires. A new set of wheels & the right tires would easily allow you to compete in r
andonneuring events.
I've got an 82 Elite and, is one of my all time favorite bikes to ride because of it's exceptional balance. It's the only bike I own that I feel comfortable cruising down the road hands free. Everything is for sale in my collection except for this one.