The other thing is a 650c wheel, especially with a fairly narrow tire, will lower your bike/bb substantially, to the point where you might have issues with pedal strike on corners. I'm seeing a tensioning device under your bags, so I'm assuming you're running a single freewheel and not a fixed gear? Because tensioners are dangerous on fixed gears. You're going from 622>571, so you're lowering the bb almost 26mm, and you're not gaining back some height using significantly wider tires, because there aren't significantly wider tires in 650c.
You might want to check out your tire options and bb height issues before you dive too deep into 650c.
Oh, and check brake reach, too. You'll need mighty long calipers to reach those 650c rims.
650b conversions on Americas seem to work out nicely. You can get nice 32-584 tires from Grand Bois, and Hutchinson still makes the Confriere d'650b, also 32mm. I'm not sure an America would fit a 38mm, but 32s would get you lots of fender clearance. Google around, here's one thread without final answers, but pointing in the right direction, from right here:
https://www.bikeforums.net/classic-v...clearance.html