A twenty plus year old bike, with twenty plus year old wheels? No mention from any of these guys about spoke re-tension. On single speeds, look out for guys who failed to mention if the rear wheel was re-spaced or re-dished. It takes a lot of time and patience. It's needed in most every case, It make for a straight chainline. Prevents premature chain wear and most importantly, keeps the chain from falling off. Below is a photo of and incorrect chainline. It's way too far to the left.
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It's easy to put a bike out sale at $200 bucks if you don't put any time or money into it. Below is an example of a good chainline. Checkout the spacing.
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To do a good rebuild, one should really replace the wheels, unless they were really nice double eyeleted ones used on higher end models. I'm gonna start sending these guys emails asking, what the fucks up with the old ass wheels? Gotta check their asses. Shits outta control.
Perfectly Spaced.