Decisions decisions i hate decisions

Trying to decide which of these is the better bike, or the better value bike?

the first is white powder coated 83 schwinn frame with all new parts, looks gorgeous, can verify frame and i trust the seller. is £350 a fair price?

#
4130 Cro-MO Schwinn Specified Tubeset Built by GIANT in August of 1983 Serial Number: 2513
SPECIFICATIONS

            + SILVER 36 Spoke Aero Rims High Flange Flip Flop Hub with 16T Cog Sealed & True 
            + TRUVATIV 165mm Silver 48T Crankset - Alloy Pedals - Toe Clips & Straps
            + Engraved 6061 Aluminum Alloy Handlebars - Black Cork Tape - Forged Alloy Quill Stem 
            + Light Race Style Two Tone Road Saddle
            + Fast Kenda 23C Tires
            + Stiff ISIS 103mm Sealed Bottom Bracket
            + FSA Alloy Silver Sealed Headset
            + SR Vintage Alloy SeatPost - 26.6
            + Black Cork Bar Tape

http://img301.imageshack.us/img301/2690/galmr9gq2.jpg
http://img171.imageshack.us/img171/8087/headed5cw0.jpg
http://img207.imageshack.us/img207/7963/crankqr3st9.jpg

the other option is a 63cm Carlton frame in original paint good condition with refurb parts for £225

New 20 tooth sprocket - New Weinmann rear wheel - New 1/8th single gear chain.

Alloy seat pin,Chainset ( single 52 tooth ring 68.6" gear ) bars,stem.

Muudialita saddle

Tyres are quality Victoria ' Pro team ' twin tread. very good condition.

SHIMANO front brake.

http://img169.imageshack.us/img169/2594/e09d1zx9.jpg

So i am looking at either of those to tide me over whilst i build my perfect bike (god knows when itl be running).

so £350 for white one £225 for black one or a charge plug.

please help