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New poster here - long time lurker and nothing to sell (yet).
I've entered this and am thinking about doing it fixed, need to get some training in though. Did it geared last year in about 14:30 hrs, which seemed about average, so would guess maybe an hour longer on fixed. Its a great event - 17,000 odd cyclists take over a small town for the weekend, brilliant atmosphere, plenty of food stops and a surprising number of Brits. Middle of the night start, motorcycle escort out of town and sunrise at 2:30 am adds to it all, although it does catch up with you at about 200k - I was in serious need of sleep at about 9am, caffeine, energy gels and nicotine just about got me going again. Didn't see any other fixed, but the hills aren't bad, although that little pimple at 270k is seriously hard work after 12 hours riding. Get's cold in the middle of the night and I guess would be pretty grim in the rain - but once you are wet...
I wouldn't worry about the back brake, all they really check for is lights - nobody seemed to bother with reflectors. 70 people start every 2 minutes for about 12 hours, so you only get a very quick lookover. Its just about sold out though, so I'd get an entry in quickly if you are going to go for it.
Feel free - 4 of us went last year so i know the logistics side of it well. But the feasibility of doing it fixed - I'm probably in the same boat as you. Must get some long rides in soon.