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You probably know this, but older Raleigh bikes can have non-standard Raleigh threads on the headset and bottom bracket. So the first step for anyone wanting to fit a sealed BB to an old Raleigh bike is to beg, borrow or steal a sealed BB to see if it screws in before sprurging money on a new one. As usual, Sheldon has the low-down http://www.sheldonbrown.com/gloss_bo-z.html#bottom.
Looks easy http://www.youtube.com/watch?v=-XUFVrl0UT4and he doesn't look that hard*.
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