SUCCESS!!
It's not a lot of clearance, but it's enough. I'm just hoping if I really crank on the bike and tweak the frame a little that it won't rub. But, this will be more of a cruising bike.
Less on this side, but that's because I need to straighten the wheel.
I cranked open the seat stays as well. But I over cranked the left one, and it bowed out a little too far. I'm sure no one but me will notice.
This left a little less clearance on the right side. After this mock up I went back and opened the right out a little more.
So I mocked up the chain guard to make sure it fit. It does, and I forgot to take a pic of the overall bike with the ring and the guard on it. However, I did find that the crank was in a little too much and hitting the guard, so I shimmed it out a bit more and it clears better. But the ring was out too far, so I had to adjust the guard. I also found out the the ring wasn't true, so I worked on straightening it. It's not perfect, but better. I hope it doesn't affect the chain or I will have to work it more. I suspect that I might need to adjust the shim too, but I'll play with it once it's built to see.
Inside the guard to show clearance for the chain.
Clearance for the crank that had been hitting at that point prior to shimming. So twisting of the guard was also required to get a balance between chain clearance in the guard, and crank clearance outside.
Then I took off the crank and guard and worked on the rear fender. This mock up showed me I need a spacer in the lower stays to achieve the right angle. Plus I need to get the right hardware for it too. I didn't mock the brake, and maybe I should have. I will after I get the spacer. Also, I hate that huge spoke protector that came with the Collegiate. So I'm buying a regular Schwinn one from a 5-speed Sting Ray. It will make the wheel look bigger, but it won't look like I'm trying to bake a pizza either.
The next major step is building the front wheel. In the meantime, I think I'm going to put the front end together and probably start building the whole thing to make sure it works right. I've found a solid green NOS Person's seat for it. Wasn't my first choice, but will work, and I'm getting it for a good price. Once the whole thing is done, I'm going to have to make a major decision about the paint. It's in much worse shape than I want from OG paint. So I may bite the bullet and get the rattle can kit from Hyper-formance. But I'm worried about my ability to paint it. I guess painting the Renegade 5 with rattle cans will give me some good experience.