Oh, also, I did have to get a one piece crank that was wider, as the stock schwinn one did hit the motor. The one I got I believe was made by pyramid, and only slightly wider, but it worked. I bought it from spooky tooth, I'm not sure they are still in biz. The other must have upgrades are the dual pull brake leaver from Sick Bike Parts, and if you use the chain tensioner that comes with the kit, then you have have have to replace the bolts with grade 8 hardware so that the thing is tightened down so that it won't bend into your wheel. Most folks here recommend drilling through the chainstay, or finding a way to go without the tensioner. For my collegiate I found that I had to use the tensioner, the first bolts stripped thankfully alerting me to their shoddiness. With good bolts you should be able to clamp that sucker down so you can kick it without it moving. After I clamped it down I used a plumbers wrench to put a slight twist in it so it was better aligned with the drive chain. It took a while to get that right. If the chain derails, then the rear wheel locks.
DuctTaped Goat's got it right, you want an upright bar, straight or even curved like the collegiates and some varsitys come with.
Upgrade's I'd recommend for first install:
grade 8 bolts for chain tensioner
wider one piece crank
upright bar or flip your current handle bar
dual pull brake lever from Sick Bike Parts
#41 chain, you can get it online the stock chain can be a problem
For Later/Post Break In/going over 15mph:
Replace back wheel with a better hub, drive gear solution, aluminum rims
Better Brakes! This can be accomplished with a V brake and aluminum rim in the front or something fancier like a disc or drum brake.
HD Throttle from Sick Bike Parts
better spark plug
Also, I run the 100:1 ratio Opti 2 oil, I think it's great, there is debate over it though so use at your own risk. There's a mega thread on this board about it.
I so far have had good luck with the Grubee Skyhawk 66cc kit. I have the standard, non Super Rat version. I"m not sure I'd go with the Super Rat in it's current incarnation. For one I am using the White wire for lighting, that is not available on the Super Rat.
Here's a vid of my Collegiate:
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