1992 Diamond Back Topanga

Nice bike.
I’d ride it first to get a feel for it and see what you want to change.
One option is fitting period parts - 1992 components are easy to find. So you could revert to 92 front and rear derailleurs, triple chainring, brake levers and gear shifters.
Tyres - tan walls? Smoke / Dart is a good combo.
 
It is a 92. I memorized the catalogue from that year like it was my only copy of Razzle.
I'd reinstate the other 2 chainrings & a f/mech firstly. As said, be cheap & simple to kit it out with LX/DX period drivetrain & brakes.
 
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