Rebuild questions

Swelo

Retro Newbie
I’m in the midst of my first bike (re)-build and would appreciate some advice on a few points.

The bike is a ~1992 Kuwahara M4.5 Savage. Between the worn-out drivetrain and the horizontal dropouts, it’s a prime candidate for a singlespeed conversion.

The wheels are in good shape, except the spoke nipple screws (under the rim tape) are quite rusty. Should I work on removing the corrosion, or do I need to replace the screws?

I’m of two minds about the brakes. Right now it has a set of Shimano 200GS cantis with fairly new cables. I also have a pretty vintage set of Dia Compe 980 cantis/levers on hand, but that would mean new cables. Go all in? Or stay boring/pragmatic with the current brakes?

The sealed bottom bracket works fine, but I haven’t been able to loosen it to regrease the threads. Leave as-is or have the LBS unscrew it?
 

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