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I would cold set the rear to 130mm so I could fit a regular road hub. Probably something like a Shimano RS400 so I could swap out the narrow qr-axle for a wider track axle and use track nuts. Wouldn't want that rear axle to slip because of a quick release.
I'd also braze on a derailleur hanger and some cable guides/stops. Maybe even a tiny piece of steel or brass tube to act as a brake cable guide at the seattube instead of the Kona clamp guide.
Paint was actually just ground off when the chainstays were repaired. The welder said they looked like lace, full of small holes. Good thing they were still salvageable.
Guess I can post my Pompino now that I've popped in for a visit. Dual brakes, fixed gear. Using this as my main commuter right now. Thinking about adding some surplus 1x10 gears to it and retiring the Cannondale all together from active use.