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@rat-racer
Thanks for the comments. Wingedangel, totally agree about the sympathetic restos. My favourite builds have been those using original unrestored or new-old-stock parts - a bit of polish and some period track bits transformed my old Peugeot 531 and this Merckx was all about rat-look dirt and corrosion. This one's using a newer mix of parts so it's a bit tougher (just got a new job that's a 20-minute ride away along a bumpy Thames towpath) but I still want the vintage look - hence that Campag copy crankset, old school colour and repro decals.
One annoying hold up is the seatpost is a 26.2 not 26.4 so it's waiting on the postman to be finished. Got a day off tomorrow though so hopefully can make some progress for some more pics - I have an interesting idea involving a wooden handlebar...