I bought a used KHS as an around-the-town bike last month. It's a vintage lugged steel frame built in Taiwan, and a biking guy tells me that KHS are probably as well built as the vintage Raleigh frames, but easier to find. I picked mine up for $150. I had also recently tried a few single and fixies and loved them, despite the hipster stigma. I guess it's kind of like buying a BMW: they are great machines that drive well, but you look like a douche in one. ANYWAY, I decided that the old components were not really worth having adjusted, since they would probably constanly need tweaking, so I had Montano Velo convert it to a single speed, swap out the hobbit sized handlebars and do a few other modifications. The biggest cost was the new hand built wheel. They finished it on Friday, and I picked it up yesterday, and it is so, so sweet. It's an amazingly plush ride, and the drivetrain feels supernaturally responsive and direct. The only problem for Montclair milk runs is the hill going back up to our house.
The shop also has an amazing selection of Pegoretti frames, which are lustworthy. I guess they know Dario personally, and have carried his frames for years. They even had a freakishly beautiful lugged pegoretti frame in a glass case. I thought he only did welded frames, and don't really want to know how much that one costs.