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If you take a look in the Any Questions Answered thread you'll see that chain tension is a bit troublesome.
But yeah, the rack came straight off my 700c bike and hasn't been adjusted. (I actually had to sit on it to ride to the bike shop so that they could measure the seat post diameter properly, as it's not properly round.)
Brake lever definitely needs sorting. I've got a really sore wrist just from riding 5k home.
Built this finally. Friends said it wasn't as ugly as they thought it'd be...