As an aside, that frame you listed (cornflower yellow raleigh) is 21.5 inches, which is about a 53-54 cm, as you are 5'5'' it should be about the right size too, almost spot on..;D.
if you can get the raleigh for cheap...ie sub 70 quid do it, it's a damned easy conversion. and you may be able to sell of some of the bits you don't need as they are not shite.
As an aside, that frame you listed (cornflower yellow raleigh) is 21.5 inches, which is about a 53-54 cm, as you are 5'5'' it should be about the right size too, almost spot on..;D.
if you can get the raleigh for cheap...ie sub 70 quid do it, it's a damned easy conversion. and you may be able to sell of some of the bits you don't need as they are not shite.