>>1893236when people say 'fixie conversion' of some bike boom shitter pic rel is probably what they mean.
The equivalent is a $100 already fucked gaspipe chinese SS or a thruster.
the bike boom shitter has more charm.
As for a real conversion with a nice road frame, I kind of agree with you, especially when people where doing this a lot, but really any classic bike with fucked up wheels effectively becomes parts and scrap so it's easy to pick a project and add value to it and a lot of your concerns are nonsense.