Crank and BB question

I was really thinking about that, actually, as I've got a Veloce UT crankset that isn't being used right now. I got as far as reading your post on the subject with keen interest. What's the chainline like the with UT cups? I presume there's no room for adjustment there. Thanks for the square taper BB advice.

Go modern! Make yourself a Mirage UltraTorque set like this
http://jorj.co.uk/pivot/entry.php?id=28
I was so pleased with this hack that I've made a 170mm set for track use the same way.

Ribble have 172.5 Mirage square taper at £24.99
http://www.ribblecycles.co.uk/productdetail.asp?productcatalogue=CAMPCHAR300
or 170mm Mirage UltraTorque at £62.01
http://www.ribblecycles.co.uk/productdetail.asp?productcatalogue=CAMPCHAR901

• £12.71 for Record UT cups
  http://www.ribblecycles.co.uk/productdetail.asp?productcatalogue=CAMPBTBR475
  If you go the square taper route, I'd go for a Campag AC-H BB over the Miche, which isn't saying much.