Before spending a penny, carefully inspect the frame and fork set to ensure that it has not been damaged. Bent tubes often display cracks in the paint. If you see them, move on to another project...
Also, starting with just a frame set can become a pretty expensive and exasperating way to build up a vintage road bike. Take this seriously, getting it all can cost a lot, a lot more than just finding a complete bike that needs a bit of this and that. Also, make sure the bike will fit you. My first build was a great looking bike that turned out to be too big for me (look at the length of the head tube as an initial reference point) with a frame set that was bent. This Sekine that I painted over was way too big for me...
This Torpado is just my size but, obviously, too big for my grandson...
And what I can do now...
