Everybody - thanks for the input!
I should've known from reading through this forum that everybody has an opinion!
I've now convinced myself that I want rear suspension.
Here's some closeups of the welds (the top sides are all painted over)...

This one's a bit blurry, but you can see some of the issues.

Wow the welds look worse in the photos than they do in person. But that's a bad sign to me. If me, as a non-welder/fabricator can see the problems here... probably worth my time to get either another frame or swingarm.

This one's of the underside where it's not painted that blue... and it looks pretty bad


1. Definintely planning on putting in the tapered bearing kit.
2. I learned the hard way with that Tal-Strip! Gloves only help. My hands itch when it touches that stuff. I invested in industrial sized gojo.
3. I'm shopping for a torque wrench now. I have feeler gauges and manuals (and patience!). Will need the rest - any suggestions?
So....? Time for a new frame?