My very limited experience with loaded touring on a way too light bike, points to trying to get as much weight in front lowrider panniers as possible. A Blackburn front rack combined with Blackburn low riders would be the right vintage for the bike and together are attached to the fork a 5 points. A basket could go on top of the front rack but that's extra weight up high. Light stuff can go in a dry bag on top of the rear rack or in panniers pushed back enough to clear you heels.