Very cool build, interesting to read that a modern shimano 130mm rear wheel will fit a 23.5" 501 frame.
Do you think a 9 or 10 speed would fit on? I have a 8 speed on a 1990 23.5" raleigh 501 and it looks like more would fit? I will say mine has 130mm rear dropouts (but am reluctant to buy a modern wheelset and cassette in case it dont fit - my rear mech and chain are ready for 9-10 speed)
88 Raleigh Kelloggs Pro Tour (Reynolds 501) - owned from new
90 Raleigh Eclipse (Reynolds 501)
82 Raleigh Competition (Reynolds 531) SOLD
87 Raleigh Centenary (Ltd Edition no. 72 of 100, with gold plated Reynolds 531C frame)
88 Raleigh Esprit (owned from new)
90's Raleigh Ascender MTB (owned from new)