rruff - Reynolds 753 is notorious for not being able to coldset, much on the net like
Reynolds 753 report
My apologies... I didn't realize that 753 was so exceptional in that respect. I'll try to give you more *useful* info...
It sounds like your preference is for modern brake/shifters on this bike... yes? If so, what do you have now? Since you mentioned Campy hubs, I'm guessing Campy. I like the modern Campy models the best. The old ones were not very good, IMO.
Would you like to get a Campy 10 or 11 speed shifter to work with a 7 speed freewheel? If you are willing to use a Shimano rear derailleur (old 7400 DA model), you can do it. This page shows some good info for mixing and matching:
Shimergo | CTC
Or with a JTek Shiftmate, you could use pretty much any other Shimano rear derailleur.
Jtek ShiftMate
Another option you might favor is having a modern hub spaced to ~128mm... which should go in without trouble. Then you could run 10 or 11spd and use a Campy derailleur. Off hand I can't think of any that would not require a bit if custom machining... ie shorten the axle and the NDS spacer. This should be simple though for anyone with the tools.