cut it, chop it. i say.
or.. sell it to someone that wants to restore it....good luck with that.
a lot of guys will say restore it, but i bet they wouldnt pony up the dough to do it.
the schwinn gods? nothing is sacred.....ok, a few things are, but not that.
skiptooth, rear facing dropouts, dogleg crank...yeah, maybe someone will give ya some decent money for it...if you find the right guy.
those are cool parts that you may never find again.
i say find a straight fork like an early ashtabula or something off an early BMX 20". and build it.
i've said it before, and i'll say it again...
stock sucks, and restoring is boring