I managed to get out for a longer test ride this afternoon, about 6 miles. The five speed gearing is very low, perfect for where I live here in Oxford as it's pretty flat but I wouldn't want to do a serious climb on it. It rides really well, super-smooth, very comfortable and quiet, it's also much faster than I thought it would be. I'm not keen on the pedals though, they seem a bit too narrow so I might change them at a later date.
Just a few things needed addressing when I got back, I wasn't happy with the front brakes so I swapped the blocks for an older set I already had and that seems to have improved them. It was also a bit reluctant to shift into 5th but a tweak on the adjustment screw has easily sorted that out. I was also pleased that my Loctite trick on the friction shifter seems to have worked, it hasn't come loose all day. I also cut down the rear mudguard stays as they stuck out with the replacement fixed bridge, a cable cutter trimmed them down.