started disassembly of the rear wheel. The freewheel is an "Atom made in France". With a small aluminum dork disk marked Huret. It felt pretty gritty so I pulled the freewheel apart and found one of the ratchet pawls has a chip out of it. I'm a bit disappointed, but since the rim shows wear from the brakes and the front rim appears to be a replacement, I'm thinking of finding a donor bike, possibly a Raleigh Grand Prix or similar, for a serviceable set of 27"aluminum rims.
I've already swapped out the steel brake calipers and levers for Dia Comp aluminum, so it won't be a purist bike.
It's a bit of a dilemma. It's a unique vintage bike, yet not terribly valuable. I like it enough to upgrade it, but how much original character should I keep and how much should I upgrade to make it rideable?