Re: New Project- Vintage Motorized Bicycle!
Wow! What a bike! I like it.
Still.......I do hope you'll spend some time thinking about whether that bike is safe or not. Consider that sprocket and chain. They'll be about 1/2 inch from your toes, shoelaces, ankle, and so on.
Now......I'll bet you already have considered that. And I'll bet there are ways to make that risk acceptable. A chain guard or something.
But I'm also wondering about those wheels. It's a good guess that those tires have been flat for years. That means that the inside of those rims have been exposed to the air. They could be nearing 'rust-through'.
I think I'd advise stripping that bike down to individual parts and evaluating the condition of the frame. I'd be fairly likely to replace everything else.
Another piece of bad news; if it's an old Raleigh frame then it'll be difficult to get parts and components to match.