I have an old Carlton lightweight frame (I believe it was made around 1970) which I intend to refurbish. I bought it without wheels. I aquired a nice set of alloy rimmed 27 x 1 1/4" wheels with tyres from a friend. I tried to fit these last night. The wheels fit nicely but I have only about 1/4" clearance above the front tyre and I had hoped to fit mudguards but now realise this isn't going to be possible with these wheels. What would be the options? Could I gain enough room for a mudguard by fitting a lower profile tyre (probably compromise ride quality) or should I change to a smaller size rim? I've also seen mudguards on the internet that claim to fit on bikes with poor clearance. Anyone have any experience of these and do they work?