No idea about what?
It was a Raleigh made cheap replica of an actual classic, built so teenage boys would have something that looked the part to use and abuse, it's not 531, it's not even plain gauge 4130 chromoly, it's hight tensile steel with lug sockets there were even possibly spot welded, it's got a unicrown fork which was a mass produced piece of welded tat with a repuation for failing because the crown lets in water, the rims are cheap steel with a chrome plate and spokes are horrible galvanised ones - just what on earth do you think there is to "restore"?
It's got cheap band on components and no braze on's so even if it were used as a fixed you would not be doing anything to the frame to alter it, even if that were a shame in the first place - which it isn't. Also note that hell of a lot of post war clubmans bikes were used with fixed or gears as well on the same frame.
If you want a low cost "classic" Raleigh of the period then buy a roadster like a pioneer with the chain case, stainless rims and spokes, sturmey hubs and dyno as well as rod brakes - Raleigh made that particular type of bike right up until the mid 80's on the same jigs and tools they had been using for decades. Thats something that needs preserving, the real deal utility bike, not a mass produced bike shaped object.
So when you have quite finished being as you would so delighfully put it "an arse" would you care to actually check what you are talking about before you start flinging abuse just because you don't like being told the truth.