I forgot to update this ...
I rebuilt the bike as a single speed and use it for commuting.
Due to the fact it was to be a commuter I opted for powder coat. I know some of you will frown at that but it was cheaper than paint and more durable. I did the white head tube and seat tube band myself. I haven't put any decals on it as the only ones I could find were water slide and I've no intention of putting on clear coat to protect them. I might get some anyway and see how long they last.
The wheels are cheapos from Bankrupt Bike company and I re-used the tyres and tubes that were on it and surprisingly they have stayed inflated !
The bar tape and Charge Spoon finished it off.
Maybe not to everyones liking but it's another decent old frame saved from being scrap and it's fast and comfortable.