Last night I replaced the chain and brake pads and all seemed to be good. Even put a GoPro mount on the front, a Fly6 taillight/camera on the back, aero bars, a huge saddle bag, and full fenders.
It's fully loaded and a tad heavy but should do very well not only as a backup but as a bike of choice in foul rainy weather and in heavy winds.
I rode in to work on it this morning on a mostly flat 19 mile route with some good headwinds. It averaged a good 17.7 MPH which is more than enough, and after a few saddle adjustments, felt just like my BMC.
Here's the bike resting at work (I think she's ready!)
Here's a screen shot of how the video looks like from the front (pretty cool perspective, no?):