That's a great bike Dave! I spoke to Alfred quite a bit about this bike and I'm glad it found a new home. I think I would leave it original for now until you really look it over good and decide on a full restoration. All the information that I have on these Andrae track racers is that they were coming in at 18 - 20lbs compared to what this one was. I was puzzled because all my catalogue info from 1896 - 1900 didn't show the 5 pin ring.
A beautiful piece either way and looks great with the wood setup on it! Nice score!