Thanks for the information guys. The parts are near failure. The wheels are not bent but the hubs are what I was thinking about replacing. I would like something with better engagement for racing. The $1,000 price is what a local shop quoted me for CK hubs and a new mechanical brake system. The front brake lever is very squishy. I was having budget bicycle service the bike but they have not done the best work. The brakes were only slightly better after new pads and their service. I was told the caliper needed to be replaced and the cables were a bit worn.
The drive train pops out of gear when I start to pick up speed quickly, but that could be my fault for not cycling through the gears properly. I adjusted the front and rear derailleurs so there wouldn't be any chain rubbing on the first two gear sets because I have been using those the most on the trails. The adjustment has eliminated my ability to use the 3rd gear set so I may replace that with a bash ring like the suggestions from the other posts in this forum. The derailleurs themselves are pretty banged up. I have bent the rear back into a working position a few times now.
I have started doing most of the service myself to try and learn. I use to race and service dirt bikes so a lot of the mechanical experience transfers over.
Basically I am not sure if the frame itself is worth building up for a decent x country race bike or if its the type of bike I should just continue maintaining with standard or slight upgrades. I guess an easier way would be to just bring the bike to a shop and ask. I have not done this since my experience with budget was not the best.
And my $0.02:
I agree with Gary, spending lots of money on wheels just to get faster engagement isn't a good use of your limited resources. If you are looking at wheels as a performance improvement, that's a complex subject. In my extremely limited racing experience, you would do better and save money to boot by going with a conversion to tubeless tires. My argument is while weight is important, you gain more efficiency by running lower tire pressure (unlike road bike tires) plus you gain traction and ability to hold speed through corners by having better traction.
Be aware that if you go this way and use standard tires, so-called "ghetto tubeless", the relatively weak sidewalls are vulnerable to cuts leading to blowouts. I mention this because I ride at Blue Mound with its many sharp rocks and have personally witnessed several tubeless blowouts from sidewall cuts. Most trails in this area are not as hard on tires though, and using non-UST tires in tubeless conversions work fine.
Brakes have been cheap in recent years. You can get a replacement hydraulic brake in the $100 range at Price Point, Cambria, or JensonUSA
http://www.pricepoint.com/Components/Brakes/?page_no=1&fq=353_1_category:443Mechanical:
http://www.pricepoint.com/Components/Brakes/?page_no=1&fq=353_1_category:369With regards to bad shifting, I've found three things fix most problems.
Is your chain and/or cassette worn out?
Is the derailleur mount bent?
Are the cables in good condition?
Do you know how to evaluate chain wear? If not, just take a good quality 12" ruler and measure across the same link feature, 12 links apart, while the chain is under tension. If the chain is not worn, the features will line up exactly 12" apart. If the wear (stretch) is 1/16" or less, replacing the chain will usually result in acceptable performance. More than 1/16" of wear on the chain usually means the cassette is also worn out. Replacing the chain at this point of wear usually results in the chain not riding correctly on the cassette.
http://sheldonbrown.com/chains.htmlBent derailleur hangers can be bent back to correct alignment, but it takes this tool:
http://www.parktool.com/product/derailleur-hanger-alignment-gauge-dag-2http://www.pinkbike.com/news/technical-tuesday-straightening-derailleur-hanger-2010.htmlIf you bend your derailleur hanger once or twice it's cheaper to pay a professional to align it. After that, the tool is cheaper. Also, if you own the tool, you can impress your friends with your mechanic's skills.
With regards to cables, I don't know any foolproof test to be certain they are in good condition. However, if the rear derailleur hangs up while dropping into the smaller cogs more than failing while pushing the chain up into the larger ones, that's a pretty certain sign the cable is sticking. Sometimes you can feel it by freeing the wire at both ends and working it back and forth by hand.
By the way, if you do replace the cable, it's a good idea to replace the housing as well as the inner wire. A common problem with cutting cable housing is that standard wire cutters tend to crush the housing or otherwise leave a poorly cut housing end. This tool helps prevent that problem.
http://www.parktool.com/product/professional-cable-and-housing-cutter-cn-10Hope this helps.
Walt