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Found today on CL. 1953 varsity world 3 speed. Wrong parts? (obvious and not so obvious)

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Here's a 53 or 54 I did for my brother in law a few years ago. It went through five boys, so it was very worn out!

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I have what I think or remember to be a 54 ( I will have to check the serial number again). I picked it up last summer from the claimed original owner just about a mile from my home. (If his story was not true, he definately looked the part). I always asumed it was a traveller, but after seeing these photos I'm not so sure.

He spray painted it purple at some point many years ago with lots of over spray, and even gave me what was left of the can if I ever wanted to try and match the color. The bike is on my project list, I plan to strip it once again and do my own thing with it. I got it for a good cheap price (like 35$ or something), so the poor condition was not a issue. I watched it sit for a few days, and then tempation made me pick it up.
 
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